How much did he have at the end of three years, altogether?

      

Lorina deposited sh 50,000 at a financial institution that paid Simple Interest at the rate of 1562836449460-q3411720191213.png p.a. How much did he have at the end of three years, altogether?

A. sh 16250
B. sh 57500
C. sh 53750
D. sh 3750

  

Answers


Wilfred
The correct answer is [C]

Principle = 50, 000
Rate = 2.5 %
Time = 3
1562836518011-q34a11720191213.png
- Amount + 50,000 + 3750
= 53750
Wilfykil answered the question on July 29, 2019 at 12:20


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