Answer:
Explanation:
To calculate the simple interest on R600 at 5% p.a for 3 years, we use the formula:
Simple Interest = (Principal x Rate x Time)/100
where
Principal = R600 (the initial amount)
Rate = 5% per annum (p.a)
Time = 3 years
Plugging these values into the formula, we get:
Simple Interest = (600 x 5 x 3)/100 = 90
Therefore, the simple interest on R600 at 5% p.a for 3 years is R90.