Question

find S.I. and the amount 3380 for 30 months at 4.5%pa

Answer 1

Hi ,

Principal ( P ) = Rs 3380

Rate of interest ( R ) = 4.5 % p.a

Time ( T ) = 30 months

T = 30/12 years = 5/2 years

Simple interest ( S.I ) = ( PTR ) / 100

S.I = ( 3380 × 5 × 4.5 )/ ( 100 × 2 )

= ( 3380 × 5 × 45 ) / 2 × 100 × 10 )

= Rs 389.25

I hope this helps you.

: )