Find the interest on ₹ 3600 at
2 2/5% per annum for a period of 3 years and 6 months
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Given : ₹ 3600 at 2 2/5 % per annum for a period of 3 years and 6 months.
To Find : Interest
Solution:
P = 3600
R = 2 2/5 = 12/5 %
T = 3 Years 6 months = 3.5 years = 7/2 Years
SI = P x R x T /100
=> SI = 3600 x (12/5) x (7/2) /100
= 36 x 84 / 10
= 3024/10
= 302.4
Hence interest is Rs 302.4
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