valcarrillo8 valcarrillo8
  • 02-11-2020
  • Mathematics
contestada

2359 received and simple Intrest of 3.75% for 18 years

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SerissSkyee3
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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