Question

Jasim has invested 600 dinars in a business at the rate of 4 % for 3 years. Find his

i- simple interst ?


ii- total amount after 3 years ​

Answer 1

Simple interest=72dinars

Total amount=672dinars

Explanation:

i.Simple interest=(P×R×T)/100

Interest=(600×4×3)/100=72dinars

ii.Total amount after 3years=Principal+Simple interest

=600+72=672 dinars