Question

Find the simple interest, when Principal = Rs 500, Rate of Interest = 12.5% per annum and Time = 4 years (1 Point) Rs.350 Rs.150 Rs.450 Rs.250​

Answer 1

Answer:

what is rate of interest in fraction

Answer 2

Answer:

The simple interest will be Rs. 250

Step-by-step explanation:

In context to the question asked,

We have to find the simple interest,

As per data given in the question,

Principal ( P ) = Rs. 500

Rate ( R ) = 12.5%

Time ( T ) = 4 year

For calculating the interest,

The formula to be used:-

$S.I = \frac{P \times R \times T}{100}$

Now, plug the value in the formula:

$S.I = \frac{500 \times 12.5 \times 4}{100}$

$S.I = \frac{25000}{100}$

$S.I =Rs. 250$

Hence, the simple interest is Rs. 250