Question

find the simple interest of rs 2500 at the rate of 5% per annum for 3 years​

Answer 1

Explanation:

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Answer 2

Given:

Principal=Rs.2500

Rate of interest=5% p.a.

Time=3 years

To find:

The simple interest

Solution:

The required interest amount is Rs.375.

We will multiply the given principal amount with the rate and number of years given to obtain the interest amount.

So, interest=Principal×interest rate ×number of years/100

We will substitute the values available to calculate the amount.

Using the values, we get

Interest amount=2,500×5×3/100

=25×5×3

=375

Therefore, the required interest amount is Rs.375.