Answer :
Answer:
1275
Step-by-step explanation:Step-by-step explanation:
For us to get the Simple interest, we have to use the formula:
= PRT
= Principal × Rate × Time
= $8500 × 5% × 3
= $8500 × 5/100 × 3
= $8500 × 0.05 × 3
= $1275
Answer:
1275
Step-by-step explanation:Step-by-step explanation:
For us to get the Simple interest, we have to use the formula:
= PRT
= Principal × Rate × Time
= $8500 × 5% × 3
= $8500 × 5/100 × 3
= $8500 × 0.05 × 3
= $1275