find the simple interest on rs 1250 for 6 year at 3 p.c.p.a
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Answer :-
- The simple interest is Rs 225.
To find :-
- The simple interest.
Step-by-step explanation :-
- Here, the principal, rate and time have been given to us. We have to find the simple interest.
We know that :-
Here,
- Principal = Rs 1250.
- Rate = 3 p.c.p.a.
- Time = 6 years.
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Cutting off the zeroes,
Reducing the numbers,
Now let's multiply the remaining numbers since we can't reduce them anymore.
Multiplying the numbers,
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Abbreviations used :-
SI = Simple Interest.
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