Question

Find interest of principal 25000 for r 6.25℅ for 2 months 14 days

Answer 1

$\bf Simple \: Interest = Rs \: 32$

Step-by-step explanation:

GIVEN

Principal = ₹25000

Rate = 6.25 %

Time = 2 months 14 days = 0.205 years

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TO FIND

Simple Interest

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We know that,

$Simple \: Interest = \frac{ Principal \times Rate \times Time } {100}$

$Simple \: Interest = \frac{ 2500 \times 6.25 \times 0.205 }{100}$

$Simple \: Interest = \frac{ 3203.125}{100}$

$Simple \: Interest = 32$

$\bf Simple \: Interest = Rs \: 32$

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IMPORTANT

$Simple \: Interest = \frac{ Principal \times Rate \times Time } {100}$

$Time = \frac{ Simple \: Interest \times 100 } { Principal \times Rate}$

$Rate = \frac{ Simple \: Interest \times 100 } { Principal \times Time}$