Question

Cuanto interes ganara lesli si presta 5000 L a pagar en tres años con un interés simple anual de 5%

Answer 1

Amount of simple interest in three year = 750

Explanation:

Given:

Amount invested = 5,000

Number of year = 3 year

Rate of interest = 5% Annually

Find:

Amount of simple interest in three year

Computation:

Simple interest = (P){R)(T)

Amount of simple interest in three year = (5,000)(3)(5%)

Amount of simple interest in three year = (5,000)(3)(0.05)

Amount of simple interest in three year = (5,000)(0.15)

Amount of simple interest in three year = 750