Question

find the simple interest on ₹ 1250 for 2.5 years at 12 % pa ​

Answer 1

Answer:

1250×2.5×12/100

=100

Answer 2

Given:

Principal = 1250 Rs., time = 2.5 years and Rate = 12% pa.

To find:

The simple interest.

Solution:

To answer this question, first of all, we should know the formula for finding the simple interest on a sum or the principal amount 'P', for 'T' years at the rate 'R' per annum. So,

$Simple \: interest = P \times R \times T$

Now,

as given, we have,

Sum or principal or P = 1250 Rs., time or T = 2.5 years and Rate or R = 12%.

So,

Simple interest

$= 1250 \times \frac{12}{100} \times 2.5$

On solving the above, we get

$= \frac{125 \times 12 \times 25}{100}$

$= 125 \times 3$

$= 375 \: Rs.$

Hence, the simple interest on ₹ 1250 for 2.5 years at 12 % pa is 375 Rs.