The formula for simple interest is:
I=\frac{P\times t\times r}{100}
Given P = $75000, t = 12.5 years, and r = 3.45% or 0.0345:
I=\frac{75000\times12.5\times0.0345}{100}=323.4375
Frequently asked questions (FAQs)
Question: What is the range of the following set of values: 12, 18, 21, 25, 29
+
Math question: In a circle, the measure of an inscribed angle intercepted by a diameter is ______ degrees?
+
What is the diameter of a circle with a radius of 4 units?