Question

find the simple interest on rs 3625 for 8 years at the rate of 6 percent per annum​

Answer 1

Answer:

thank you for asking this question! I will try my best to answer your question!

S.I = A-P

I am finding the simple interest by subtracting amount and principal

=4495-3625

=870

Now Find rate through S.I formula

S.I= P*T*R/100

870=3625*2*R/100

R= 12%

The answer is 12%

Hope this helps!

Ask me for any doubts on this question