Question

Find the interest to be paid for the principal RS. 37,500 at the rate of interest 12 % in 2 years ?​

Answer 1

☯︎ Aɴsᴡᴇʀ

we have,

• principal, P = Rs. 37,500
• Rate, R = 12%
• time, T = 2 years
• simple interest, SI = ?

we have to find, simple interest to be paid.

we know that,

$\underline{ \boxed{ \pink{ \bold{SI = \frac{ P \times R \times T}{100}} }}}$

so, here

$\bold{ : \implies SI = \frac{375 \cancel{00 }\times 12 \times 2}{1 \cancel{00} }} \\ \\ \bold{: \implies \:SI = 375 \times 12 \times 2 } \: \: \: \: \: \\ \\ \bold{ : \implies \boxed{ \bold{ SI = 9000}}} \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \:$

therefore, simple interest to be paid for the principal is Rs. 9000