Find the simple interest earned on sh. 1000 at 12% per annum for a. 1 year b. 2 years c. 3 years

      

Find the simple interest earned on sh. 1000 at 12% per annum for
a. 1 year
b. 2 years
c. 3 years

  

Answers


joseph
a. I = (12/100) x1000x 1
=sh. 120
b. I = (12/100) x 1000 x2
= sh. 240
c. I = (12/100)x1000 x 3
=sh. 360

joseph rimiru answered the question on November 16, 2017 at 06:39


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