Question

find the simple interest on rupees 2500 for 2 years 6 months at 6% per annum also find the amount

Answer 1

Principal = 2500

Rate of interest = 6%

Time = 30/12 years = 2.5

P*R*T/100

2500*6*2.5/100

375

amount =Principal+Interest

                2500+375 = 2875

       

Answer 2

Simple interest = 375

Amount = 2875

Step-by-step explanation:

Given,

Principal, p = 2500

Rate , r = 6 %

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

t = $\frac{18}{12}$ = 2.5 year

Simple interest = ?

Amount = ?

We know that,

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

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

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

Simple interest = 375

Amount = 2500 + 375

Amount = 2875