Find the simple interest charged on borrowing $325 for 5 years at 3% p.a. (per annum orÂ per year) interest.

Find the simple interest charged on borrowing $325 for 5 years at 3% p

1.	Find the simple interest charged on borrowing $325 for 5 years at 3% p.a. (per annum orÂ per year) interest.
A.	59
B.	46
C.	48.75
D.	34.75
Answer» D. 34.75