Help please.........
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<h3>Given:</h3>
- P= $12500
- R= 10%
- T= 3 years
- P= Principal amount
- R= Rate of interest
- T= Time period
- The simple interest
- The total amount paid
First, we'll have to multiply, principal amount (12500), rate (10) and time period (3).
Now, we'll have to divide the amount (375000) by 100.
<em>I=$3750</em>
Now, we can find the total amount paid.
Let's substitute according to the formula.
<em>A=$16250</em>
<u>Therefore</u><u>,</u><u> </u><u>simple</u><u> </u><u>interest</u><u> </u><u>is</u><u> </u><u>$</u><u>3</u><u>7</u><u>5</u><u>0</u><u> </u><u>and</u><u> </u><u>$</u><u>1</u><u>6</u><u>2</u><u>5</u><u>0</u><u> </u><u>was</u><u> </u><u>paid</u><u> </u><u>in</u><u> </u><u>total</u><u>.</u>