Question

Principal =2lac ,interest 1.5,time365.what will be the interest?

Answer 1

interest = P x R x T / 100

= 2,00,000 x 1.5 x 1 / 100

= 300000 / 100

= 3000

Answer 2

Given:

Principal =2,00,000

Interest=1.5%

Time=365days=1year

To find:

The Simple Interest.

Solution:

We know that,

S.I.= $\frac{P×I×T}{100}$

Putting the values.

S.I. = $\bf\frac{200000×1.5×1}{100}$

S.I. =$\bf\frac{300000}{100}$

S.I. = $\bf3000$

Therefore,the Interest is $\bf3000$.

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Hope it's helpful