Find the amount if simple interest is paid yearly at 5% per annum for 3 years, on a principal of # 200,000.00
Amount = principal + Interest
I = \(\frac{ P\times R \times T}{100}\)
P = #200,000, R = 5%, T = 3 yrs
I = = \(\frac{ 200,000\times 5 \times 3}{100}\)
= 2000 x 15 = #30,000
A = 200,000 + 30,000 = #230,000.
There is an explanation video available below.
Contributions ({{ comment_count }})
Please wait...
Modal title
Report
Block User
{{ feedback_modal_data.title }}