Question

if principal is 2500000 rupee.rate of I interest 7% for 20 years .simple interest is calculated monthly .what is amount at last?​

Answer 1

Answer:

$si = ptr \div 100$

1. rate =7%
2. principal =2500000
3. time =20years
4. sI=PTR/100
5. 2500000*20*7/100=3500000

Answer 2

Answer:

SI UNIT

Explanation:

Here, P = Rs. 2500000, R = 7% per annum and T = 20 years. Now using the formula for the simple interest, we have:

S.I. = [{P×R×T}/100]; therefore we may write:

S.I. = Rs. [2500000×7×20/100)] = Rs. 35,00,000.

I hope this will be helpful for you