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19-09-2020
Mathematics

contestada

Find the Simple Interest on a loan of ₦60,000 at the rate of 3% for 3½ years.

Respuesta :

19-09-2020

Answer:

6300

Step-by-step explanation:

T = 3 1/2 = 7/2

R = 3% = 3/100

P = 60,000

I = PRT

I =60,000×3/100×7/2

I =6300

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