SOLUTION: nikiwe moves into her new flat and buys furniture worth R7500. the furniture company charges finance rates of 20% per year for 3 years, at simple interest rate. calculate the inter
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Question 986099: nikiwe moves into her new flat and buys furniture worth R7500. the furniture company charges finance rates of 20% per year for 3 years, at simple interest rate. calculate the interest over 3 years
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
nikiwe moves into her new flat and buys furniture worth R7500. the furniture company charges finance rates of 20% per year for 3 years, at simple interest rate. calculate the interest over 3 years
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I = P*r*t
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I = 7500*0.20*3 = R4500
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Cheers,
Stan H.
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