Find the simple interest on 3,750 in 5 years at 3% rate per annum.

asked Jun 1, 2022 234k views

7 votes

by Ivone

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6 votes

Answer:

562.5

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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