akwolfze akwolfze

11-02-2021
Mathematics

contestada

she borrows a loan of 5000 from a loan company the loan company charges 6%how much the simple intrest

Respuesta :

samuelonum1 samuelonum1

16-02-2021

Answer:

300

Step-by-step explanation:

Given data

P=5000

R= 6%

T= 1 year

The simple interest formula is

SI= PRT/100

SI= 5000*6*1/100

SI= 30000/100

SI= 300

Hence the simple interest is 300

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