Question

Find the simple interest on:- 300 for 2 years at 2.2% per month.​

Answer 1

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✎GIVEN

● PRINCIPAL = 300

●TIME =2 YEARS

● RATE = 2.2%

✎TO FIND

● SIMPLE INTEREST (S.I.)

✎FORMULA USED

$: \longrightarrow \purple{S.I. = \frac{PRINCIPAL × RATE × TIME}{100} }$

$\longmapsto \blue{S.I = \frac{P × R × T}{100}}$

✎LET'S DO IT

$⇝S.I = \frac{ {3 \cancel{00}} \times 2.2 \times 2}{ 1 \cancel{00}}$

$⇝S.I = 2.2 \times 6$

$\orange {\mathtt⇝{S.I = 13.2}}$

$\star\huge{HOPE \: \: IT \: \: HELPS}\star$