Question
Find the simple interest paid in #525 at 4% for 3 years
Answers
GPT 3.5
To find the simple interest, we need to multiply the principal amount (#525) by the interest rate (4%) and the number of years (3):
Simple Interest = Principal × Rate × Time
Simple Interest = #525 × 4% × 3
Calculating this expression, we get:
Simple Interest = #525 × 0.04 × 3
Simple Interest = #63
Simple Interest = Principal × Rate × Time
Simple Interest = #525 × 4% × 3
Calculating this expression, we get:
Simple Interest = #525 × 0.04 × 3
Simple Interest = #63