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1. How much simple interest is to be paid on a loan of56,500 at 10.5% p.a. after 3 years?​

Answer»

ANSWER:

SIMPLE INTEREST: p×r×t/100

=56500×10.5×3 /100

17797.5

Total MONEY PAYED after simple interest

= 56500+17797.5

= 74297.5

Hope it helpsss....



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