find the simple interest on rupees 2500 4.5 per cent per annum 5 year
Answers
Answered by
3
Answer:
Rs.562.5
Step-by-step explanation:
Principal ( P) = Rs.2500
Rate ( R ) = 4.5%
Time ( T ) = 5 years
Simple interest = ( P / R / T)/100
Simple interest = (2500 ×45 × 5)/1000
Simple interest = 562.5
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Answered by
2
- As per the data given in the question, we have to find the simple interest.
Given data- Principal amount=
Rate=
Time=
To find:- simple interest=?
- We know that , the simple Interest of an amount is calculated by multiplying the interest rate by the principal amount and the time period. the time period in years.
SI Formula will be :
- P = Principal Amount
- T = Time in Years
- R = Rate of Interest per Annum.
We will write as,
So, putting the value in formula. we get,
Hence, the value will be
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