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

Corvin asked Sep 4, 2023

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Corvin asked Sep 4, 2023

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20 votes

Answer:

R1275

Explanation:

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

simple interest = 127500/100

simple interest = 1275

Awais Jameel answered Sep 8, 2023

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