gloryolayiwola9 gloryolayiwola9
  • 13-11-2020
  • Mathematics
contestada

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

#28 750

#3 750

#2 875

#375


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Respuesta :

jimrgrant1 jimrgrant1
  • 13-11-2020

Answer:

3750

Step-by-step explanation:

Simple interest (I) is calculated as

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

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

I = [tex]\frac{25000(5)(3)}{100}[/tex]

  = [tex]\frac{375000}{100}[/tex]

  = 3750

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