Find the simple interest on 3,750 in 5 years at 3% rate per annum.
1 answer:
Answer:
562.5
Step-by-step explanation:
i=?
p=3750
r=3*1/100=3/100
t=5 years
I=P*R*T
3750*5*3/100
=5625/100
=562.5
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