Question

Find the simple interest on Rs. 2500 at 16% per annum for 85 days. Also find the amount.​

Answer 1

★ GIVEN :

• Principal (P) = Rs. 2,500
• Rate of Interest = 16% per annum
• Time (Period) = 85 days = 85/365

★ TO FIND :

• The Simple interest = ?
• Amount = ?

★ STEP - BY - STEP EXPLAINATION :

→ Principal (P) = Rs. 2,500

→ Rate of interest = 16% per annum

→ Time (Period) = 85/365

Now, here we'll have to find S.I

By substituting the value of P × R× T / 100

____________________________

Simple Interest => P × R × T / 100

Simple Interest =>

2500 × 16 × 85/ 100 × 365 = 6800/73 =

93.1506849315

Hence , here we got S.I = 93.1506849315

Now, here we'll find amount =

→ Principal + Simplest interest

→ 2500 + 93.1506849315

Amount → Rs. 2,593.15068493

Therefore, we get here amount as 2,593.15068493

Answer 2

CRM

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