Question

Find the simple interest and the amount when :-
Principal = Rs. 2650
Rate = 8% per annum
Time = 2 1/2 years
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Answer 1

P = Rs. 2650

R = 8% p.a.

T = 2 1/2 yrs

SI = P×R×T/100

= 2650×8×5/100×2

= Rs. 530

Amount

= P+SI

= 2650+530

= Rs. 3180

Hence, Simple Interest = Rs. 530 and Amount = Rs. 3180