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Question 676530:
Answer by geniusnasco(2) About Me  (Show Source):
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Formula: Simple interest( I ) = PRT
Given that
Principal ( P ) = 75,000; Rate( R ) = 12.5% and Time( T ) = 3years.
Note:Rate = number/100
From the equation above,
I = 75,000*0.125*3
=2812.5