Question

Find the interest when: P = ₹ 1500, R = 3.5% T = 3.5 years​

Answer 1

Answer:

interest= p∗r∗t/100

p = principal amount , r = rate , t = time

interest= 7000∗3.5∗2/100

interest = RS. 490

total amount = interest+ principal amount

= 7000+490= Rs 7490

Answer 2

Answer:

The simple interest = rupees 187.75