Question

if the rate of interest is 2 paise per rupee per month then find the simple interest on rs 13200 for 2 months

Answer 1

2 paise per rupee in 1month
so rate =2%per month
simple interest =13200*2*2/100=528answer

Answer 2

Answer:

The simple interest on rs 13200 for 2 months is Rs.528

Step-by-step explanation:

Principal = Rs.13200

Time = 2 months

Rate of interest = 2 paise per rupee per month =$\frac{2}{100}$per month = 2% per month

Formula : $SI = \frac{P \times R \times T}{100}$

$SI = \frac{13200 \times 2 \times 2}{100}$

$SI = 528$

Hence the simple interest on rs 13200 for 2 months is Rs.528