Question

Find the simple interest and amount on rs 25000 for 3 years at 8% per annum

Answer 1

Answer:

6000

Step-by-step explanation:

p=25000

n=3

r=8

simple interest=pnr/100

                        =(25000*3*8)/100

                         =6000

Answer 2

The simple interest on Rs 25000 for 3 years at 8% per annum is 6000.

Given,

An amount of 25000 is interested at the rate of 8% per annum for 3 years.

To Find,

The simple interest.

Solution,

The formula for calculating the simple interest is

Simple interest = (P*R*T)/100

where

P = principal amount = 25000

R = rate of interest = 8

T = time = 3 years

Now, substituting the values in the formula

Simple interest = (25000*8*3)/100

Simple interest = 600000/100

Simple interest = 6000

Hence, the simple interest on Rs 25000 for 3 years at 8% per annum is 6000.

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