khavyapatel khavyapatel
  • 16-08-2021
  • Mathematics
contestada

3. A student borrows £3500 to be repaid after 3 years. The lender quoted a flat rate of interest
of 6.25%. Calculate the total interest that should be paid.

Respuesta :

Bromine67
Bromine67 Bromine67
  • 16-08-2021

Answer:  The total interest is 656.25.

Step-by-step explanation:

T = 3yrs

P = 3500

R = 6.25%

I = PTR/100

 = 3500*3*6.25/100

 = 65625/100

= 656.25

Answer Link

Otras preguntas

Which law of motion accounts for the following statement?"The gravity of the Sun causes the planets to move in a circular path."
the product of 8 and a number x is equal to 32. write an algebraic expression, an equation, or an inequality
Describe the sequence of oxygen,carbon dioxide and blood flow in your own words
What are the advantages and disadvantages of vo2 max
The length of a rectangle is 3 inches more than its width, and its perimeter is 22 inches. Find the width of the rectangle
what is the difference between hyperbole and metaphor?
which social scientists are best Known for studying the physical artifacts of a culture ?
The length of a swimming pool is 8m longer than its width and the area is 1o5m2?
How do spermatogenesis and oogenesis differ in terms of the number of gametes they produce?
simplify the ratio 9:15