find the simple interest on rs 2500 for 3years at 5%p.a.
Answers
Answered by
1
Answer: ₹ 375
Step-by-step explanation:
Simple Interest =
Given,
Principle, P = ₹ 2500
Time, T = 3 years
Rate, R = 5% p.a.
⇒
= ₹
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Answered by
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Given,
- Principal = Rs. 2500
- Time = 3 years
- Rate = 5 % p.a.
To find,
- We have to find the simple interest.
Solution,
We can simply find the simple interest by using the following formula:
Simple interest = P * R* T/100 (*)
Principal = Rs. 2500
Time = 3 years
Rate = 5 % p.a.
Then by using (*), we get
Simple interest = 2500 * 5*3 /100
= 25 * 15
= Rs. 375
Hence, the simple interest on Rs 2500 for 3years at 5%p.a is Rs. 375.
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