2359 received and simple Intrest of 3.75% for 18 years

Question

02-11-2020
Mathematics

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2359 received and simple Intrest of 3.75% for 18 years

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SerissSkyee3 SerissSkyee3 · Answer 1 · 2020-11-02T19:11:05+01:00

SerissSkyee3 SerissSkyee3

02-11-2020

Hey :)

Simple interest = p x r x t
______
100

So here p = £2359, r = 3.75 and t = 18

p x r x t 2359 x 3.75 x 18
———— = ————————- =
100 100

159,232.5/100 = 1592.325

Hope this helps!

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