Question

if 7000.00 is borrowed at the rate of 5 percent per annum for 3 years the simple interest is
$ 105
$ 210
$370
1050
please explain to me how you get the answer ​

Answer 1

Answer:

1050

Step-by-step explanation:

SI=principle x rate x time

si =(7000x5x3)/100

si=1050