principal =₹ 1500 rate =12% and time =3 years 3 months find simple intrest
Answers
Step-by-step explanation:
Principal = Rs. 1500 rate=12 percent p. a. and time =3 years 3 months , then simple interest is Rs 585
Solution:
Given that,
Principal = Rs 1500
Rate of interest = 12 % P.A
Time = 3 year 3 months = 3+\frac{3}{12} = \frac{13}{4}\ years3+
12
3
=
4
13
years
The simple interest is given as:
Simple\ Interest = \frac{ p \times n \times r}{100}Simple Interest=
100
p×n×r
Where,
p is the principal
n is number of years
r is rate of interest
Substituting we get,
\begin{gathered}Simple\ Interest = \frac{1500 \times 13 \times 12}{4 \times 100} \\\\ Simple\ Interest = 15 \times 13 \times 3 \\ \\Simple\ Interest = 585\end{gathered}
Simple Interest=
4×100
1500×13×12
Simple Interest=15×13×3
Simple Interest=585
Thus simple interest is Rs 585
Learn more:
Rs 3380 for 30 months at 9/2% p.a.find simple interest
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If simple interest for a sum of rs 3100 for 4 years is rs 40 more than the simple interest of rs 2900 for the same duration at the same rate of interest then the rate of interest is
Answer:
down pls
Step-by-step explanation:
Interest= P*R*T/100
= 1500*3*12/100
= 54000/100
= 540