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Sagot :
The simple interest for R 7,500 is R 1, 800, and she will get it at 3 years with interest of 8%.
Simple interest:
Simple interest means the method of calculating the interest amount for a particular principal amount of money at some rate of interest.
The formula used to calculate the simple interest is
SI = P × R × T
P = The principal is the amount that initially borrowed from the bank or invested.
R = Rate is the rate of interest at which the principal amount is given to someone for a certain time.
T= Time is the duration for which the principal amount is given to someone.
Given,
Cynthia receives a gift of r 7, 500 she decides to invest it for 3 years, she is offered two saving at 8% interest.
Here we need to find the simple interest.
We know that,
P = 7, 500
R = 8/100 = 0.08
T = 3
So, the simple interest is,
SI = 7,500 x 0.08 x 3
SI = 1800
To know more about Simple Interest here
https://brainly.com/question/25845758
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