find the simple inter3st when principle = 80,000, time = 9 years, rate = 12.5%
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Q. Find the simple interest when principle = 80,000, time = 9 years, rate = 12.5%.
Solution:
Final answer:
Simple interest = Rs.1000000
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Answer:
The simple interest will be Rs. 90,000
Step-by-step explanation:
In context to the question asked,
We have to find the simple interest,
As per the data given in the question,
We have,
Principle ( P ) = Rs. 80,000
Rate of interest ( R ) = 12.5%
Time ( T ) = 9 years
The formula to be used for calculating the simple interest,
By substituting the given values in the above formula,
Multiplying the terms in the numerator, we get
Hence, the required solution is Rs. 90,000
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