Question

find the interest and amount on rupees 1200 at the rate of 4.5% simple interest for 2.5 years
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Answer 1

Answer:

Rate =

P×T

S.I×100

P=1200−1000=200

S.I=30

T=3 years

Rate =

200×3

30×100

=

600

3000

=5%

Answer 2

Answer:

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Simple interest= P×R×T/100

= 1200×4.5×2.5/100

= Rs. 135

Amount= P+ interest

= 1200+135

= Rs. 1335