Question

find the simple interest on rupees 21 lacs at 1.25 percent for 3 months​

Answer 1

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Answer 2

$\mathfrak{\large{\underline{\underline{Answer:-}}}}$

Simple interest on Rs. 2100000 at 1.25 percent for 3 months is Rs. 6562.5

$\mathfrak{\large{\underline{\underline{Explanation:-}}}}$

Given :-

Principal (P) = Rs. 21,00,000

Rate of interest(R) = 1.25 %

Time = 3 months = 3/12 year = 1/4 = 0.25 years

To find :- Simple Interest

Solution :-

Principal (P) = Rs. 21,00,000

Rate of interest(R) = 1.25 %

Time = 3 months = 3/12 year = 1/4 years

$\boxed{\sf{Simple\:Interest= \dfrac{PTR}{100}}}$

$= \dfrac{2100000 \times 0.25 \times 1.25 }{100}$

$=21000 \times 0.25 \times 1.25$

$= 21000 \times 0.3125$

$= 6562.5$

Therefore Simple interest on Rs. 2100000 at 1.25 percent for 3 months is Rs. 6562.5

$\mathfrak{\large{\underline{\underline{Extra\:Information:-}}}}$

What is Interest ?

[1] Interest easy money paid by bank or post office when money is deposited with them.

[2] Also it is paid by the borrower to the person or organisation that it money.

[3] Interest is extra amount paid on principal amount with year mark percent.