Question

find the missing quantities by using formula principal Rs.500 time period 2 year markup rate 12% find markup?​

Answer 1

Answer:

Principal= Rs.500

Rate of Interest= 12 1/2% p. a.=25/2%p.a.

Time= 1 year

P×R×T/100 = Simple Interest

=500×1× 25/2× 100

=₹62.5

Hence,the simple interest is₹62.5

Explanation:

Answer 2

Answer:

Rs.120

Explanation:

Principal = Rs.500

Time period = 2 years

Markup rate = 12%

Markup =?

Principal x Time period x Markup rate = Markup

= 500 x 2 x 12 / 100

= 1000 x 12 / 100

= 12,000 / 100

= Rs.120