Ask Question
3 December, 11:38

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

+3
Answers (1)
  1. 3 December, 12:31
    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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers