Answer:
£90
Step-by-step explanation:
Simple interest (I ) is calculated as
I = [tex]\frac{PRT}{100}[/tex] ( P is principal, R is rate of interest and T time in years )
Here P = 1500, R = 2 and T = 3 , then
I = [tex]\frac{1500(2)(3)}{100}[/tex] = 15 × 2 × 3 = 30 × 3 = £90
