Question

Find simple interest on Rs.40000 for 3 years at the rate of 2.5% per annum

Answer 1

Answer:

S.I = P×R×T /100

or = 40000× 2.5 ×3 /100

or = 3000 rs

Hence S.I = 3000

Amount = P+ S.I

= 40000+ 3000

43000