Question

$775 at 6% simple interest for 3 years.

Answer 1

Question :-

$775 at 6% simple interest for 3 years.

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Solution :-

Given Information :-

• Principal ( P ) = $775
• Rate of Interest ( R ) = 6% p.a.
• Time Period ( T ) = 3 years

To Find :-

• Simple Interest

Formula Used :-

• 
  `\boxed{ \sf(principal * rate * time)/(100) }`

Calculation :-

Substituting the given values in the formula, We get,

`\sf: \implies (775 * 6 * 3)/(100)`

Calculating further, We get,

`\sf: \implies (13950)/(100)`

Dividing, We get,

`\sf: \implies \$ 139.50`

∴ The Simple Interest is $139.50

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Final Answer :-

• The Simple Interest is $139.50

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