Question

Find the amount of rs. 1425 for 3year 3 month at 4% simple interest per annum

Answer 1

As 3 months are basically 3/12 = 1/4 year

So, T = 3 and 1/4 year = 13/4 year

SI = PRT/100 = (1425 * 4 * 13/4 ) /100 = (1425 * 4 * 13) / 400

                     = 74100 / 400 = 185.25

So, SI is 185.25

Therefore, Amount = 1425 + 185.25 = 1610.25

Hope it helps!

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