Question

principal =₹ 1500 rate =12% and time =4 years 3 months
find simple intrest​​

Answer 1

Answer:

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Step-by-step explanation:

Given: – P = ₹ 1500, R = 12% p.a. and Time = 3 years 3 months We know that, 1 year = 12 months ∴ 3 years 3 months = (39/12) = (13/4) If interest is calculated uniformly on the original principal throughout the loan period, it is called simple interest. SI = (P × R × T)/100 = (1500 × 12 × (13/4))/ 100 = 1500 × 12 × (13/4) × (1/100) = (1500 × 12 × 13 × 1)/ (4 × 100) = (15 × 3 × 13 × 1)/ (1 × 1) = (15 × 3 × 13 × 1) = ₹ 585 Amount = (principal + SI) = (1500 + 585) = ₹ 2085Read more on Sarthaks.com - https://www.sarthaks.com/751605/find-the-simple-interest-and-the-amount-when-principal-1500-rate-12-and-time-years-months