Question

Find the simple interest on Rs2500 for 6 years at 6% per amount​

Answer 1

Given,

Principal, p = 2500

Rate , r = 6 %

Time, t = 2 years 6 month = 12 + 6 month = 18 month

t = \frac{18}{12}1218 = 2.5 year

Simple interest = ?

Amount = ?

We know that,

Simple interest = \frac{p\times r\times t}{100}100p×r×t

Simple interest = \frac{2500\times 6\times 2.5}{100}1002500×6×2.5

Simple interest = \frac{37500}{100}10037500

Simple interest = 375

Amount = 2500 + 375

Amount = 2875