Respuesta :

ItzStarzMe

Answer:

  • Simple Interest is of $18.9

Step-by-step explanation:

Here we have been clearly given with Principal, time period and rate of interest.

  • Principal (P) = $100
  • Rate (R) = 6.3%
  • Time (T) = 3 years

We have to calculate the simple Interest.

As we know that simple Interest is calculated by the formula :

  • [tex]\pink{\boxed{\sf{S.I. \: = \: \dfrac{P \times R \times T}{100}}}} \: \bigstar[/tex]

Where,

  • S.I. is simple Interest
  • R is rate of interest
  • T is time

★ Putting the values :

[tex]: \: \implies\sf{S.I. \: = \: \dfrac{100 \times 6.3 \times 3}{100}} \\ \\ : \: \implies\sf{S.I. \: = \: \dfrac{100 \times 63 \times 3}{100 \: \times \: 10}} \\ \\ : \: \implies\sf{S.I. \: = \: \dfrac{100 \times 63 \times 3}{1000}} \\ \\ : \: \implies\sf{S.I. \: = \: \dfrac{ \cancel{100} \times 63 \times 3}{ \cancel{1000}}} \\ \\ : \: \implies\sf{S.I. \: = \: \dfrac{1\times 63 \times 3}{10}} \\ \\ : \: \implies\sf{S.I. \: = \: \dfrac{63 \times 3}{10}} \\ \\ : \: \implies\sf{S.I. \: = \: \dfrac{189}{10}} \\ \\ : \: \blue{\implies\bf{S.I. \: = \: 18.9 }}[/tex]

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