Question

Calculate the simple interest

a) P = rupees 2500, R= 10.5% p.a., T = 2 years

b) P= rupees 3425, R= 5⅔% p.a., T= 3 years 6 months​

Answer 1

Related Question ⤵️

P=Rs. 10,000, I=Rs. 2,500, R=12.5% simple interest. The number of years T will be.

Answer ⤵️

I=₹2500

R=12.5%

P=₹10000

I=

100

P×R×T

2500=

100

10000×12.5×T

T=

12.5×100

2500

=2years

Answer 2

a))

GiveN:-

• Principal = Rs.2500
• Rate = 10.5%
• Time = 2 years

To FinD:-

The simple Interest.

SolutioN:-

We know that,

$\large{\green{\underline{\boxed{\bf{Simple\:Interest=\dfrac{P\times\:R\times\:T}{100}}}}}}$

where,

• P = Principal = Rs.2500
• R = Rate = 10.5%
• T = Time = 2 years

Putting the values,

$\large\implies{\sf{Simple\:Interest=\dfrac{2500\times10.5\times2}{100}}}$

$\large\implies{\sf{Simple\:Interest=\dfrac{25\cancel{00}\times10.5\times2}{1\cancel{00}}}}$

$\large\implies{\sf{Simple\:Interest=25\times10.5\times2}}$

$\large\therefore\boxed{\bf{Simple\:Interest=Rs.525.}}$

_____________________________

b))

GiveN:-

• Principal = Rs.2500
• Rate = 5⅔ = 17/3%
• Time = 3 years 6 months = 3½ = 7/2 years

To FinD:-

The simple Interest.

SolutioN:-

We know that,

$\large{\green{\underline{\boxed{\bf{Simple\:Interest=\dfrac{P\times\:R\times\:T}{100}}}}}}$

where,

• P = Principal = Rs.3425
• R = Rate = 17/3%
• %T = Time = 7/2 years

Putting the values,

$\large\implies{\sf{Simple\:Interest=\dfrac{3425\times17\times7}{100\times3\times2}}}$

$\large\implies{\sf{Simple\:Interest=\dfrac{407575}{600}}}$

$\large\therefore\boxed{\bf{Simple\:Interest=Rs.679.29.}}$

a)) Simple Interset = Rs.525.

b)) Simple Interest = Rs.679.29.