Question

Find the simple Interest earned . Principal : $ 456 Interest Rate: 3% Time : 3 years

Answer 1

41.04 $

Explanation:

We Know,

Simple Interest= Principle× Rate of Interest× Time

or, 456× 3/100× 3

or, 456× 0.03× 3

or, 41.04

Therefore, Simple Interest is 41.04 $