Question

find the simple interest on rupees 8750 at 6.5% for 2 years and 3 months​

Answer 1

Here it is but I m not confirmed, I m a little bit confused bout my answer , but I tried, hope it will help you

Answer 2

Answer:

The answer to the given question is 1502.568

Step-by-step explanation:

Given :

Principal = 8750

Rate of interest = 6.5%

Time = 2 years and 3 months

This time can be written in the form of fractions as

$2 \frac{3}{12}$= 27/12

To find :

simple interest =?

Solution :

The formula to find the simple interest is obtained by dividing the product of principal, rate of interest and time taken by 100.

$\frac{p \times r \times t}{100}$

on substituting the values in the given formula we get the value as

$\frac{8750 \times 6.5 \times \frac{27}{12} }{100}$

The fraction can be replaced as

$\frac{8750 \times 6.5 \times 27 }{12\times 100}$

On further proceeding, we get the values

$\frac{1535625}{1200}$

On division, the final answer will be

$1502.568$

The final answer obtained is 1502.568

Therefore, the value of the simple interest will be 1502.568

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