Question

Find the Simple interest and amount if the principal is Rs 2300/-, Rate of interest is 5 %per annum, and time period is 3 yrs​

Answer 1

Answer:

Given Principal (P) = Rs. 2400 Rate (R) = 9%

Time (T) = 3 years 5 months and 15

$days = \frac{83}{24}years$

To find simple interest and he amount

$Simple \: interest = \frac{PTR}{100}$

$=Rs.2400× \frac{9}{100} \times \frac{83}{24}$

=Rs.747

And the amount = Rs.2400 + Rs. 747 = Rs. 3147

Answer 2

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