Q. 5 Answer the following as directed
1 . find the simple interest of $ 1000 kept for 2 years
at 3% rate of interest
Answers
Answered by
0
Answer:
simple interest is 60
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Answered by
0
Answer:
simple interest is 60
Step-by-step explanation:
Principal = 1000
Rate = 3%
Time = 2 years
Formula used
S.I = (P× R × T) / 100
S.I = ( 1000 × 3 × 2) / 100
S.I = 60
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