Question

Find the simple interest and the amoun
principal= 1500 rate = 12%
and time= 3 years 3 months​

Answer 1

Answer:

585

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

Given: – P = ₹ 1500, R = 12% p.a. and.

Time = 3 years 3 months.

We know that, 1 year = 12 months.

∴ 3 years 3 months = (39/12) = (13/4)

If interest is calculated uniformly on the original principal throughout the loan period, it is called simple interest.

SI = (P × R × T)/100.

= (1500 × 12 × (13/4))/ 100.