Question

1. If P=212.50, R=15% and T = 8 years, then find S.I.​

Answer 1

Answer:

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Step-by-step explanation:

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Answer 2

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Given:

P = 212.50

R = 15 % = 15/100 = 0.15

T = 8 years

To find:

S. I = Simple interest = ?

Explanation :

S. I = Prt

S. I = simple interest

P = Principal or initial value

R = Rate of interest

T = Time in years

S. I = Prt

S. I = 212.50 × 0.15 × 8

S.I = 255

Answer:

Thus, simple interest is 255

Knowledge booster:

• Simple interest is used for short term and simple loans
• Compound interest is used for long term loans
• Try to solve more such questions to get good hold on it