Find the simple interest when p=Rs .2500,T=3 year,p=6P.a.
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Step-by-step explanation:
Answer: Simple Interest = P*R*T/100
=2500*3*6/100 = 450
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OR
The simple interest rate is 6%p.a
principal amount is Rs.2500
After one year, the interest would be 6% of
Rs.2500=
100
6
×2500
=Rs.300
Similarily, after 5 years, interest = 5×150
=Rs.750
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