Calculate the simple interest on N7 500.00 for 4 years at 4.5 % per annum
Answers
Answered by
0
Answer:
N1350 is the answer
Step-by-step explanation:
Simple interest=(principle×rate×time)/100
SI=(7500×4×4.5)/100
=1350
Therefore the simple interest is N1350
Answered by
0
Answer:
Step-by-step explanation:
Formula for calculating S.I (Simple Interest) is Principal*Rate*Time/100
7500*4.5*4/100
= 75*4.5*4
=1,350
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