Question

Find the simple interest at the end of one year for 37,500 at 4_1/2% interest per annum.​

Answer 1

Given:

• Principal = Rs. 37500
• Rate = $4\dfrac{1}{2}\%$ =
• Time = 1 year

What To Do:

We have to find simple interest.

How To Do:

To find simple interest we will use the formula,

$\sf{SI = \dfrac{PRT}{100}}$

Solution:

Using the formula,

⇒ $\sf{SI = \dfrac{PRT}{100}}$

Substitute the values,

⇒ $\sf{SI = \dfrac{37500 \times 5 \times 1}{100 \times 2}}$

Cancel the zeros,

⇒ $\sf{SI = \dfrac{375 \times 5 \times 1}{2}}$

Multiply the numberator,

⇒ $\sf{SI = \dfrac{1875}{2}}$

Divide 1875 by 2,

⇒ SI = Rs. 937.5

∴ Thus, the simple interest is Rs. 937.5.