Question 1100506
he borrowed 4500 for 3 years at 7.5% interest.


simple interest formula is i = p * r * n


r is the interest rate per time period.
n is the number of time periods.


formula becomes i = 4500 * .075 * 3


result becomes i = 1012.5


rizwan needs to pay 4500 + 1012.5 = 5512.5