Question

R800 invested at r % per annum simple interest for a period of 3 years yields R168. Use the formula SI = Prt ___ 100 and calculate the value of r.

Answer 1

here is your answer


p=800 r=?t=3 years si=168
SI=p×r×t.
---------
100

168=800×r×3
--------------
100
168= 24×r
r=. 168
------
24
r=. 7%