Question

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1. If P= GH¢200, R = 5% and T = 3years, find I and the amount at the end of
the period.


2. A girl deposited GH¢3,000.00 at the bank at a rate of 5% per annum for 3
years. Find the simple interest. What is the amount at the end of the third
year?

somebody please expliain it to me ASAP​

Answer 1

1. 3 cedis. 2. 750cedis at the end of the 3rd year.

Explanation:

IT is p times t times r over 100