Question

3500 at 8%per annum for 2years 3months (find the simple interest and amount)​

Answer 1

Answer:

simple interest = Rs630

amount = Rs4130

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Answer 2

Solution

Principal = ₹3,500

Rate = 8%

Time = 2years 3months = 2¼ years = 9/4years.

$\sf{S.I.= \dfrac{P \times R \times T}{100} }$

$\sf{ = \dfrac{3500 \times 8 \times \dfrac{9}{4} }{100} }$

$\sf{ = \dfrac{3500 \times 8 \times 9}{100 \times 4} }$

$\sf{Simple \: Interest=₹630}$

Amount = Principal + Simple Interest

Amount = 3500 + 630

Amount = ₹4,130.

Hence, solved!! ✓