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20 October, 23:33

ishmal invested £3500 for 3 years at 2.5% per annum simple interest. Work out the total amount of interest Ishmal earned.

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  1. 20 October, 23:42
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    Interest Earned is $262.5

    Step-by-step explanation:

    Interest=PRT/100

    When P=Principal, R=Rate, T=Time

    Interest earn = (3500 x 3 x 2.5) / 100

    I=$26,250 / 100

    I=$262.5
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