Simple Interest =GH₵37,500 Principal =GH₵500,000 Time =3 years GH₵ 37,500.00=
GH₵500,000×3× Rate
100
Divide both sides by GH₵ 500,000 ×3 Rate =
GH₵37,500×100
GH₵500,000×3
Note: 1. The zeros ( 0 ) at the end of 500000 and 100 cancels each other 2. The zeros ( 0 ) at the end of 5000 and 37500 cancels each other 3. 3 divides itself 1 and 375,125 times 4. 25 divides 125, 5 times and 50, 2 times 5 divided by 2 is 2.5 Rate =2.5%