Question

Calculate the simple interest on ₹ 9600 at the rate of 1.5% per month for one and a half year.

Answer 1

Answer:

11,760

Step-by-step explanation:

Simple interest=p×r×t÷100

SI=9600×1.5×1.5÷100

  =11,760

Answer 2

Answer:

SI = 216 Rupees

Step-by-step explanation:

According to the information provided in the question it is given as

Amount =  ₹ 9600

Interest  = 1.5% /month for one and half year

We need to find the simple interest

Per month interest is given but this interest is for one and half year

One and half year = 18 months

SI = (P × R × T)/100

Here  SI = simple interest

P = principle amount =9600

R = rate of interest=1.5%

T = time period= 18 months

$SI =\frac{9600\times 1.5\times 18}{100} \\SI = \frac{9600\times 1.5\times \frac{18}{12} }{100} \\SI = \frac{96\times 1.5 \times 1.5}{1}$

$SI =216 Rupees$

Hence simple interest = 216 Rupees