Problema Solution
Your Great Aunt Sally loans you %5000 for three years and asks that you repay it with simple interest at the rate of 8% per year. How much do you repay her after three years?
Answer provided by our tutors
p=5000 R= 8%, t= 3years
si for three years
si= pxrxt/100
si= 5000x8x3/100
si=1200