Question

find the interest on Rs 1250 at 18% per annum for a period 0f 2 years 4 months

Answer 1

S.I. = P × R × T / 100
= 1250 × 18 × 2.4 / 100
= 54000 / 100
= 540
so S.I. on rs 1250 after 2.4 years is rs 540

hope it helps