Mr Chopra lent rupees 11250 to Mr Singh on interest at the rate of 12.5%p.a. After 3 years and 9 months Mr Singh returns the money to Mr Chopra. How much interest does he have to pay?
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Simple Interest=p*r*t/100
P=11250
R=12.5% p.a.
T= 3 yrs and 9 mths=3.75 yrs.
=>11250*12.5*3.75/100
=> 5,273.4375 ANS
P=11250
R=12.5% p.a.
T= 3 yrs and 9 mths=3.75 yrs.
=>11250*12.5*3.75/100
=> 5,273.4375 ANS
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