Calculate the Simple interest on K3550 at a flat rate of 11%p.a. Over 3 years ?

Simple Interest = Principal x Rate x Time
Simple Interest = K3550 x 0.11 x 3
Simple Interest = K1166.50

Therefore, the simple interest on K3550 at a flat rate of 11% p.a. over 3 years is K1166.50.

Simple Interest = (P - R - T) / 100
Where:
P = Principal amount (K3550)
R = Rate of interest (11%)
T = Time (3 years)

Simple Interest = (3550 - 11 - 3) / 100
Simple Interest = 1171.5

Therefore, the simple interest on K3550 at a flat rate of 11%p.a. over 3 years is K1171.5.