Question

principal =₹3 simple intrest=? Rate=2% time=3months what is the simple interest? ​

Answer 1

Answer:

3 2/3 =11/3

Step-by-step explanation:

Answer 2

Answer:

Simple Interest is given by

I= 100PNR

​

Where I = simple interest

           P = Principal

           N  = number of years

           R = rate of interest

Given,

I=Rs.7008

N=6 years and 3 months  =6

12

3​

=6 41

= 4

25  years

R=5%

Substituting the values in the formula:

⇒7008= 100

P× 4

25 ×5

⇒7008=

400

P×125

⇒P=Rs.22425.60

Step-by-step explanation:

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