Question

Find the simple interest for 3 years at a rate of 7.5% on $200

Answer 1

$45

Solution,

Principal (P)=$200

Time(t)=3 years

Rate(R)=7.5%

Now,

Simple Interest=PTR/100

=200*3*7.5/100

=4500/100

= $45

Hope it helps

good luck on your assignment