Question

Find the simple interest on Rs.25,000 at 8% per annum for 3 years.​

Answer 1

Answer:

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Step-by-step explanation:

The formula we'll use for this is the simple interest formula i.e=P × R × T/100

 P= is the principal amount, $25000.00.

R= is the interest rate, 8% per year, or in decimal form, 8/100=0.08.

T= is the time involved, 3....year(s) time periods.

So, t is 3....year time periods.

To find the simple interest, we multiply 25000 × 0.08 × 3 to get that:

The interest is: $6000.00

Answer 2

Answer:

Step by step explanation

Given that P= Principal = rs 25000

R= Rate of interest = 8% Per annum

T = Time = 3 years

SI = PTR /100 = 25000×3×8/100 = 6000

Answer is 6000