Question

find the simple Intrest and Amount on ₹65,000 for
2years 6months at the rate of 4% p.a.​

Answer 1

Answer :-

• The simple Interest is ₹ 6500.

Step-by-step explanation:

To Find :-

• The simple interest

Solution:

Given that,

• Principal = ₹ 65,000
• Rate = 4%
• Time = 2 years and 6 months i.e

$\rightarrow \: 24 + 6 = 30 \: months \\ \rightarrow \: \frac{5}{2} \: years$

Therefore,

• The simple interest is,

As we know that,

$Simple \: Interest = \frac{P \times R \times T}{100},$

Where,

• P = Principal
• R = Rate
• T = Time

$\implies S.I = \frac{P×R×T}{100} \\ = \frac{65000 \times 4\times 5}{100 \times 2} \\ = 650 \times 2 \times 5 \\= ₹\:6500$

Hence,

The simple Interest is ₹ 6500.