Question

2359 received and simple Intrest of 3.75% for 18 years

Answer 1

Hey :)

Simple interest = p x r x t
______
100

So here p = £2359, r = 3.75 and t = 18

p x r x t 2359 x 3.75 x 18
———— = ————————- =
100 100

159,232.5/100 = 1592.325


Hope this helps!