R600 is invgsted for 3 years at \( 5 \% \) p.a. Find the simple interest earned.

To find the simple interest earned on an investment of R600 for 3 years at a rate of 5% per annum, we can use the formula for simple interest: \[ \text{Simple Interest} = \frac{P \times R \times T}{100} \] Where: - \( P \) is the principal amount (R600 in this case) - \( R \) is the rate of interest (5% in this case) - \( T \) is the time period (3 years in this case) Substitute the given values into the formula to calculate the simple interest earned. Calculate the value by following steps: - step0: Calculate: \(\frac{600\times 5\times 3}{100}\) - step1: Multiply the terms: \(\frac{9000}{100}\) - step2: Reduce the fraction: \(90\) The simple interest earned on an investment of R600 for 3 years at a rate of 5% per annum is R90.