Question

she borrows a loan of 5000 from a loan company the loan company charges 6%how much the simple intrest

Answer 1

300

Explanation:

Given data

P=5000

R= 6%

T= 1 year

The simple interest formula is

SI= PRT/100

SI= 5000*6*1/100

SI= 30000/100

SI= 300

Hence the simple interest is 300