Question

Find the simple interest on Rs.12500 at 7% per annum for 3 years​

Answer 1

Answer:

• Simple Interest on ₹12500 at 7% per annum for 3 years is ₹2625.

Step-by-step explanation:

Given that:

• Principal = ₹12500
• Rate = 7%
• Time = 3 years

To find:

• Simple Interest.

Formula Used:

$\sf{\circ\;Simple\;Interest=\dfrac{P\times R\times T}{100}}$

Where,

• P = Principal
• R = Rate
• T = Time

Solution:

As we know that,

$\sf{Simple\;Interest=\dfrac{P\times R\times T}{100}}$

Substituting the values,

$\sf{\longmapsto\dfrac{12500\times 7\times 3}{100}}$

Cutting off the zeros,

$\sf{\longmapsto\dfrac{125\!\!\!\not{0}\!\!\!\not{0}\times 7\times 3}{1\!\!\!\not{0}\!\!\!\not{0}}}$

$\sf{\longmapsto125\times7\times3}$

Multiplying the numbers,

$\sf{\longmapsto2625}$

Hence,

• Simple Interest = ₹2625