BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Rs 26.25. Rs 87.5. See what the community says and unlock a badge.

Detailed explanation-2: -Simple interest is calculated with the following formula: S.I. = P × R × T, where P = Principal, R = Rate of Interest in % per annum, and T = Time, usually calculated as the number of years. The rate of interest is in percentage r% and is to be written as r/100.

Detailed explanation-3: -Hence, at the end of 3 years, the simple interest is $787.5.

Detailed explanation-4: -A simple interest calculator is a utility tool that calculates the interest on loans or savings without compounding. You may calculate the simple interest on the principal amount on a daily, monthly, or yearly basis.