Question

Find the interest 4300 rate of interest 8.5 for the period of 2 years 3months find simple interest.

Answer 1

P = 4300, R = 8.5%, T = 2 YEARS 3 MONTHS = 9/4 YEARS

SI = PRT/100 = 4300 x 8.5 x9/400 = 822.375

Answer 2

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$\bf Given:\ \\\\ \sf Principal\ =\ Rs\ 500\\\\Rate\ =\ 8.5\ \%\\\\Time\ =\ 2\ years\ 3\ months\ =\ \dfrac{9}{4}\ years\\\\\bf Simple Interest\ =\ \dfrac{Principal\ \times\ \Rate\ \times\ Time}{100}\\\\=\dfrac{4300\ \times\ 8.5\ \times\ 9}{100\ \times\ 4}\\\\=\ 822.375\ Rs.$