Find the simple interest on 500 for 3 years at 4 %and find the amount?
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Given Principal = Rs 500, Rate of Interest = 12.5% per annum and Time = 4 years. We know that simple interest = (P × T × R)/100 On substituting these values in above equation we get SI = (500 × 4 × 12.5)/100 = Rs 250Read more on Sarthaks.com - https://www.sarthaks.com/685723/find-the-simple-interest-when-principal-rs-500-rate-interest-12-5-per-annum-and-time-years
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we have to find SI (simple interest) formula is price×rate×time
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100
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