2 years ago

1What is the simple interest on #25 000 for 3years at 5% per annum?.

Mathematics

1 answer:

VashaNatasha [74]2 years ago

4 0

Answer:

3750

Step-by-step explanation:

Simple interest (I) is calculated as

I = $\frac{PRT}{100}$ ( P is the principal, R is rate of interest and T time in years )

Here P = 25000, R = 5 and T = 3 , thus

I = $\frac{25000(5)(3)}{100}$

= $\frac{375000}{100}$

= 3750

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