kiakook7595 kiakook7595
  • 10-02-2021
  • Mathematics
contestada

Rizwana borrowed 4500 for three years with simple interest of 7 ½% per annum. How much did she repay?

Respuesta :

topeadeniran2 topeadeniran2
  • 11-02-2021

Answer: 1012.50

Step-by-step explanation:

The formula for calculating Simple interest is:

= Principal × Rate × Time

= 4500 × 7 1/2% × 3

= 4500 × 7.5/100 × 3

= 4500 × 0.075 × 3

= 1012.50

Therefore, the simple interest is 1012.50

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