wavyelienai50 wavyelienai50
  • 13-02-2020
  • Mathematics
contestada

$775 at 6% simple interest for 3 years

Respuesta :

bhuvna789456
bhuvna789456 bhuvna789456
  • 13-02-2020

Simple Interest is $139.50

Step-by-step explanation:

Step 1:

Given details are Principal (P) = $775, Rate (R) = 6% and Time (T) = 3 years

Step 2:

Calculate Simple Interest using the formula SI = PRT/100

⇒ SI = 775 × 6 × 3/100

⇒ SI = 13950/100

⇒ SI = $139.50

Answer Link

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