Ask Question
20 July, 20:58

ishmal invested £3500 for 3 years at 2.5% per annum simple interest. Work out the total amount of interest Ishmal earned.

+5
Answers (1)
  1. 20 July, 21:34
    0
    Interest Earned is $262.5

    Step-by-step explanation:

    Interest=PRT/100

    When P=Principal, R=Rate, T=Time

    Interest earn = (3500 x 3 x 2.5) / 100

    I=$26,250 / 100

    I=$262.5
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “ishmal invested £3500 for 3 years at 2.5% per annum simple interest. Work out the total amount of interest Ishmal earned. ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers