find the interest if P = ₹25,000
R = 12.5% per annum
Т = year
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Principal(P)=Rs.25000. [Given]
Rate(R)=12.5%. [Given]
Time(T)=year or 1 Year [Given]
Now, we have to find Simple Interest(S.I.) using the given data.
Formula to be used here :
S.I=P×T×R/100.
using it ,
S.I = Rs.25000×12.5×1/100 = Rs.3125.
More Formalas related to it :
S.I=P*T*R/100.
P=100*S.I/T*R.
R=100*S.I/T*P.
T=100*S.I/P*R.
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