Question

find the interest on rupees 1250 at 18 percentage per annum for period of 2 years 4 months​

Answer 1

Answer:

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solution

GIVEN INFORMATIONS :

(1) P = ₹ 12500

(2) R = 18%

(3) T = 2 years 4 months

=> T = 2 years + (4/12) years

=> T = (28 / 12) years

=> T = 7/3 years.

Interest (I) = ₹ (12500×18×7)/(100×3)}

=> Interest = ₹ 5250 [ANSWER]