Given:
[tex]\text{Simple interest =}\frac{P\times R\times T}{100}[/tex]Where,
[tex]\begin{gathered} P=\text{ Principal } \\ R=\text{ rate of interest} \\ T=\text{ time} \end{gathered}[/tex][tex]\begin{gathered} \text{ Simple interest =}\frac{70000\times7.5\times30}{100} \\ =700\times7.5\times30 \\ =157500 \end{gathered}[/tex]Gloria will pay $157500.
