Find the Simple interest and amount on rs.225 for 3 years at 16%p.a.
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Answer:
P = Rs. 225, R = 16% p.a. T = 3 years 9
months
3
9 3 3- years
15
12 = = 4 100 4 years
: S.I. =
Rs. 135
P.R.T. 225 x 16 x 15
100 x 4
Amount = P + S.I.
= Rs. 225 + Rs. 135
Rs. 360
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