Question

Find the simple interest and amount on sum of ₹1500 at 12% per Annum for 3 years 3 months

Answer 1

Answer:

SI= Rs. 585

Step-by-step explanation:

P= 1500

R%=12%

T= 3yr 3 months[ convert 3 months into yrs.]

1 month= 1/12 yrs

3 months= 3/12= 1/4 yrs= 3 yrs+ 1/4 yrs= 13/4 yrs

Now, SI= PTR/100

1500* 13/4* 12/100= 585

Therefore, Simple interest= Rs. 585