kiakook7595 kiakook7595

10-02-2021
Mathematics

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Rizwana borrowed 4500 for three years with simple interest of 7 ½% per annum. How much did she repay?

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topeadeniran2 topeadeniran2

11-02-2021

Answer: 1012.50

Step-by-step explanation:

The formula for calculating Simple interest is:

= Principal × Rate × Time

= 4500 × 7 1/2% × 3

= 4500 × 7.5/100 × 3

= 4500 × 0.075 × 3

= 1012.50

Therefore, the simple interest is 1012.50

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