Question

Calculate the SI on rupees 500 for 3 months at 4% p.a​

Answer 1

Answer:

5

Step-by-step explanation:

Given:

Principal = 500

Time = 3 months = ¼ year

Rate = 4%

SI = (P*T*R) / 100

= (500*¼*4) / 100

= 500 / 100

= 5

Amount = P + SI

= 500 + 5

= 505