julie borrowed $ 3000 for 3 years at 71/2% simple interest rate. how much interest is that?
Answers
Answered by
1
Answer:
$3195 is the interest
Step-by-step explanation:
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Answered by
1
Answer:
$ 675
Step-by-step explanation:
Principal (P) = $3000
Rate (R) = 7½%
Time (T) = 3 Years
SI = PRT / 100
= 3000 * 15/2 * 3 / 100
Cancellation of 2 from Denominator
1500*15*3/100 = 67500 / 100 = 675.
Therefore, Interest is $675.
Hope it helps
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