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What is the simple interest on $7430 invested for 3 years at 5% per annum simple interest?​
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3 votes
What is the simple interest on $7430 invested for 3 years at 5% per annum simple interest?​

User Haniyeh Khaksar
by
8.0k points

2 Answers

5 votes

Answer:

114.5

Explanation:

User Cristo
by
8.4k points
2 votes

Explanation:

Simple interest=principal× time× rate/100

=7430×3×5/100

=1114.5

User Sanjay Rawat
by
8.1k points
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