Question

Find the simple interest and amount on each of the following:
8400 for 4 years at 8% per annum.
50000 for 3 years 12% per annum.
2
1
(* 9275 for 2 years at 75 % per annum.​

Answer 1

Answer:

1) 2688 rs

2) 18000 rs

Explanation:

1) Given

simple interst formula I = PTR/100

Here p=8400 , T=4 yrs , R= 8%

I=PTR/100

I= 8400×4×8 /100

=84×4×8

I =2688 rs.

2) Given

simple interst formula I=PTR/100

here p= 50000 ,T=3 yrs ,R= 12%

I=PTR/ 100

I = 50000×3×12 /100

=500×36

=18000