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Find the Simple Interest for a $15,000 loan with R 8% interest at 3 years.
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3 votes
Find the Simple Interest for a $15,000 loan with
R 8% interest at 3 years.

User Trevorsg
by
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1 Answer

4 votes
Simple interest= P x R x T/ 100

SI= 15000 x 8% x 3/ 100

= 3600/100
= 36
User Jenniva
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