Question

find the simple interest and amount if principal = 5500 and rate = 4.25 and time = 18 month​

Answer 1

Answer:

_______________________________

Gɪᴠᴇɴ :-

Pʀɪɴᴄɪᴘᴀʟ = 5500 ʀᴜᴘᴇᴇs

Rᴀᴛᴇ = 4.25%

Tɪᴍᴇ = 18 ᴍᴏɴᴛʜs = 3/2 ʏᴇᴀʀs

_______________________________

Tᴏ ғɪɴᴅ :-

Sɪᴍᴘʟᴇ ɪɴᴛᴇʀᴇsᴛ ᴀɴᴅ ᴀᴍᴏᴜɴᴛ

_______________________________

Sᴏʟᴜᴛɪᴏɴ :-

Sɪᴍᴘʟᴇ ɪɴᴛᴇʀᴇsᴛ = PRT/100

➡ = 5500 * 4.25 * 3 / 100*2

➡ = 70125 / 200

➡ = 350.625 ʀᴜᴘᴇᴇs

Aᴍᴏᴜɴᴛ = sɪᴍᴘʟᴇ ɪɴᴛᴇʀᴇsᴛ + ᴘʀɪɴᴄɪᴘᴀʟ

➡ =350.625+5500

➡ =5850.625 ʀᴜᴘᴇᴇs

_______________________________

Hᴇɴᴄᴇ,

Tʜᴇ sɪᴍᴘʟᴇ ɪɴᴛᴇʀᴇsᴛ ɪs 350.625 ʀᴜᴘᴇᴇs

Tʜᴇ ᴀᴍᴏᴜɴᴛ ɪs 5850.625 ʀᴜᴘᴇᴇs.

_______________________________

Hᴏᴘᴇ ɪᴛ ʜᴇʟᴘs......... ❤❤

Answer 2

Simple interest=P*R*T/100
Time is 18 months i.e., 12 months and 6 months
U can count as 1.5 year
Then,
5500*4.25*1.5/100
350.625 is simple interest