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I = PRT/100 where I = simple interest P = the amount of money invested R = the interest rate T = the period of time the money is invested for. Carla invests £500 for 3 years at …

I = PRT/100 where I = simple interest P = the amount of money invested R = the interest rate T = the period of time the money is invested for. Carla invests £500 for 3 years at …
asked 123k views
3 votes
I = PRT/100

where
I = simple interest
P = the amount of money invested
R = the interest rate
T = the period of time the money is invested for.
Carla invests £500 for 3 years at a rate of 5%.
How much simple interest does Carla earn?​

asked
User Venkatesh Mondi
by
8.7k points

1 Answer

4 votes

Answer:

75

Explanation:

I = PRT/100

Substitute the values

in

I = 500 * 5 * 3 /100

I = 75

answered
User Sandy Chapman
by
8.3k points
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