Question

1. How much simple interest is to be paid on a loan of
56,500 at 10.5% p.a. after 3 years?​

Answer 1

Answer:

simple interest: p×r×t/100

=56500×10.5×3 /100

17797.5

Total money payed after simple interest

= 56500+17797.5

= 74297.5

Hope it helpsss....