Question
What is the simple interest on 280 for 5 years at 3% per annum
Answers
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The simple interest on 280 for 5 years at 3% per annum can be calculated as follows:
Simple Interest = (Principal x Rate x Time) / 100
where Principal = 280, Rate = 3% per annum, and Time = 5 years
Therefore, Simple Interest = (280 x 3 x 5) / 100 = 42
Hence, the simple interest on 280 for 5 years at 3% per annum is 42.
Simple Interest = (Principal x Rate x Time) / 100
where Principal = 280, Rate = 3% per annum, and Time = 5 years
Therefore, Simple Interest = (280 x 3 x 5) / 100 = 42
Hence, the simple interest on 280 for 5 years at 3% per annum is 42.