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Calculate the simple interest on a R5 000 loan for 3 years at 8.5% p.a. interest.​

Calculate the simple interest on a R5 000 loan for 3 years at 8.5% p.a. interest.​
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Calculate the simple interest on a R5 000 loan for 3 years at 8.5% p.a. interest.​

User Shmsr
by
9.0k points

1 Answer

5 votes

Answer:

R1275

Explanation:

simple interest = (5000*3*8.5)/100

simple interest = 127500/100

simple interest = 1275

User FelixSFD
by
8.4k points
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