find the simple interest the amount P=12000. R=12 ( 1/2)% T=30months please explain in detail
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Given :-
- Principal amount is Rs 12,000
- Rate of interest is 12.5 %
- Time for which it is invested is 2.5 years ( 30 months )
To Find :-
- The Simple interest
Solution :-
~Here, we’re given the principal , rate of interest, time and we need to find the simple interest. We can easily find the simple interest by putting the values in the formula.
____________
As we know that ,
Where,
- p is principal
- r is rate of interest
- t is time
- SI is simple interest
Finding the simple interest :-
____________
Hence,
The simple interest is of Rs. 3,750
____________
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