More examples on SI Calculation - Ex : Mr Albert takes a loan of $10,000 from a bank for a period of 1 year. The rate of interest is 10% per annum. Calculate the interest rate and the amount he has to pay at the end of a year. - Ex. Henry wanted to expand his caf and borrowed $50,000 for 3 years at the rate of 3.5% per annum. Determine the interest accumulated at the end of 3 years. - Ex: Mohan pay $9000 as an amount on the sum of $7000 that he had borrowed for 2 years. Calculate the rate of interest