Question

at a rate of 12 p.c.p.a , what would be the interest for 2 1/2 years on Rs. 1500​

Answer 1

Step-by-step explanation:

Given:

Principal (P) = 1500 rupees,

Rate of interest (R) = 12%

Time (T) = 10.5 years

Total interest (I) = P×R×T÷100

=1500×12×10.5÷100

= 1890 rupees

Now, total amount = P + I

= 1500 + 1890

= 3390 rupees