Question

Find the simple interest on rs.1080 at 10% per annum for 9 months

Answer 1

108×9 ===972

s.i =972

Answer 2

simple interest is given by

S.I= principle ×rate × time

   =1080×10/100×9/12= 108/=

our simple interest rate is 108/=

There are important initials to note ,

SI - this is the initials for simple interest

r - this the rate at which the simple interest is taken .

P- This is the initial amount that is loaned to a person .

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