How much interest can a person get on Rs. 8200 at 17.5% p.a. simple interest for a period of two years and
six months?
A. Rs. 3750
B. Rs. 3770
C. Rs. 2850.50
D. Rs. 3587.50
Answers
Answered by
3
Explanation:
Given:principal =8200
rate= 17.5%
time period =two years and 6 months=2.5 years
SI = PRT/100
= 8200*17.5*2.5/100
=3587.50
thus the correct option is D.Rs.3587.50
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