Question

find the present value of bill of ₹25000 due in 6 months at 12%simple interest p.a​

Answer 1

Answer:

Simple interest is the method of calculating interest charged on the amount invested in a fixed deposit.

Understanding the Simple Interest Formula is essential to know about the basics of Finances.

Simple Interest is calculated on the principal amount on a daily/monthly/annual basis.

Principal Amount remains constant during the entire tenure on Simple Interest.

The formula for calculating Simple Interest is P x r x t ÷ 100, where P=Principal Amount, Rate of Interest & T= Time.

With a Simple Interest Calculator, you can calculate the interest without any error by saving time and efforts.

SIMPLE INTEREST CALCULATOR