Question

Find the simple interest on rupees 2000 in 7/3 years at 3 paise per rupee per month

Answer 1

Answer:

1680 rupees

Step-by-step explanation:

rate i = 3% per month

simple interest = pit = 2000 x .03 x 12x 7/3 = 1680 rupees

Answer 2

There is simple interest of Rs. 1680.

Step-by-step explanation:

Since we have given that

Principal = Rs. 2000

Number of years = $\dfrac{7}{3}$

Rate of interest = 3 paise per rupee per month = $\dfrac{3}{100}$

So, Simple interest is given by

$\dfrac{P\times R\times T}{100}\\\\=\dfrac{2000\times 7\times 12\times 3}{100\times 3}\\\\=20\times 84\\\\=Rs.\ 1680$

Hence, there is simple interest of Rs. 1680.

# learn more:

Rupees 4000 in 4 by 3 years at 2 paise per rupees per month find simple interest

https://brainly.in/question/5601535