Question

find the simple interest if p = 500, r=11% per annum and T =3 years​

Answer 1

Question:-

find the simple interest if p = 500, r=11% per annum and Time =3 years.

Answer:-

• The simple interest is ₹165.

Given:-

• Principal = ₹ 500
• Rate = 11%
• Time = 3 years

To find:-

• Simple interest

Solution:-

$\boxed{ \red{ \large{simple \: interest = \frac{p \times r \times t}{100} }}}$

$: \implies \: simple \: interest = \frac{500 \times 11 \times 3}{100} \\ \\ : \implies \: simple \: interest = 5 \times 11 \times 3 \\ \\ : \implies \: simple \: interest = 165$

• The simple interest is ₹165.