calculate the simple interest if p = ₹ 2500 , r= 5% per annum t= 5 years
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Here we have to calculate simple interest
We are given the values of P, R, and T
P = Rs. 2500
R = 5%
T = 5 years
Formula to calculate simple interest:
Simple interest =
Putting the values in the above formula
SI = 2500 × 5 × 5 / 100
= 625
Hence, the simple interest will be 625
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To find : simple interest .
Given : Principal amount =
Rate =
Time = years
Solution :
- As per the data given in the question, we have to find the simple interest.
- We know that , the simple Interest of an amount is calculated by multiplying the interest rate by the principal amount and the time period. the time period in years.
- SI Formula will be :
P = Principal Amount , T = Time in Years ,
R = Rate of Interest per Annum.
We will write as,
- So, putting the value in formula. we get,
Hence, S.I will be Rs .
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