Question

El Bowen borrowed $10,000 for 3 years
13.75% rate of interest. Find the simple
interest.

Answer 1

Answer:$4125

Explanation:

Using the I = P x R x T formula, we can find the simple interest. Substitute all the values into this equation and you get : I = 10,000 x 13.75 x 3. Once you multiply all the values, $4125 is the answer you get. :)