Question

find the interest if principal is 23640, time is 18 months and rate is 1% per annum.

Answer 1

I=PRT/100=(23640×18×1) /100×12=354.6

hope it helps

Answer 2

Interest =( P × T×R )/100

I=( 23640 ×18/12 ×1 )/100

I = 354.6 rupees