Question

Find the interest on s sum of rs 8520 for 3 years at the rate of 8% per annum

Answer 1

We know that:-
PRT/100=SI
P= 8520
R=8%
T=3yrs
8520*8*3/100=SI
Rs 2044.8=SI

Answer 2

SI=ptr/100
=8520*3*8/100
=204480/100
=2044.8
hence,
SI= Rs.2204.8