Question

find simple interest of Rs. 50000 @ 9.5% p.a. for one year and seven months​

Answer 1

Answer:

You deposit $50000 into a bank account paying 9.5% simple interest per year. You left the money in for 19 months. How much interest do you get at the end of those 19 months?

Result

The interest is $7520.675.

Explanation

STEP 1: Convert 19 months into years.

19 months =1912 years=1.5833 years

STEP 2: Find an interest by using the formula I=P⋅i⋅t, where I is interest, P is total principal, i is rate of interest per year, and t is total time in years.

In this examplee P = $50000, i = 9.5% and t = 1.5833 years, so

III=P⋅i⋅t=50000⋅0.095⋅1.5833=7520.67

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Answer 2

SI=>5082.5

Step-by-step explanation:

Formula to find out SI is=>SI=P×R×T/100

SI=50000×9.5×1.07/100=5082.5

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