Question

The simple interest on 5,000 for 3 years at the rate of 3% per annum is???​

Answer 1

Answer:

The simple interest on 5,000 for 3 years at the rate of 3% per annum is 4500.

Step-by-step explanation:

Here p = 5000

    r=3%

    t=3 years

then simple interest = prt/100

                                  =(5000x3x3)/100

                                  =4500.(Ans)