Question

Find the simple interest on Rs. 6000 at 5 1/4

% per annum for 2 years.​

Answer 1

Question given:

Find the simple interest on Rs. 6000 at 5 ¼ % per annum for 2 years.

Given:

Principal = ₹6000

Rate of interest = $\sf{5}\dfrac{1}{4}\%=\dfrac{21}{4}\%$

Time = 2 years

To find:

The Simple Interest

Solution:

To find the Simple Interest,

We will put the formula:

$\sf{SI=}\dfrac{P \times R \times T}{100}$

According to Question:

Putting the values:

$\sf\leadsto{SI=}\dfrac{6000\times 21 \times 2}{100 \times 4}$

$\sf\leadsto{SI=}\dfrac{\cancel{6000}\times21 \times2}{\cancel{4}\times100}$

$\leadsto\sf{SI=}\dfrac{15\cancel{00}\times21 \times2}{1\cancel{00}}$

$\sf\leadsto{SI=15\times 21 \times 2}$

$\sf\blue\leadsto\red{SI=₹630}$

Therefore,the required Simple Interest is $\tt{₹630}$

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