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Mathematics

Answered

Q1 - Finding simple interest
Find the simple interest on a loan of:
£7500 borrowed for 6 years at a
rate of 12% p.a.
interest = £

Answer :

Devishri1977go Devishri1977go

Answer:

£ 5400

Step-by-step explanation:

P = £ 7500

r = 12% = 0.12

t = 6 years

Simple Interest = P*r*t

= 7500 * 0.12 * 6

= £ 5400

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