Question

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

Answer 1

Answer:

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Gɪᴠᴇɴ :-

Pʀɪɴᴄɪᴘᴀʟ = 5500 ʀᴜᴘᴇᴇs

Rᴀᴛᴇ = 4.25%

Tɪᴍᴇ = 18 ᴍᴏɴᴛʜs = 3/2 ʏᴇᴀʀs

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Tᴏ ғɪɴᴅ :-

Sɪᴍᴘʟᴇ ɪɴᴛᴇʀᴇsᴛ ᴀɴᴅ ᴀᴍᴏᴜɴᴛ

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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

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Hᴇɴᴄᴇ,

Tʜᴇ sɪᴍᴘʟᴇ ɪɴᴛᴇʀᴇsᴛ ɪs 350.625 ʀᴜᴘᴇᴇs

Tʜᴇ ᴀᴍᴏᴜɴᴛ ɪs 5850.625 ʀᴜᴘᴇᴇs.

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Hᴏᴘᴇ ɪᴛ ʜᴇʟᴘs......... ❤❤