principal=500
rate=15%
time= 2months
si= ?
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1
By the formula;
T=2 MONTHS=2/12 YEARS=1/6 YEARS
SI=PRT/100
=500×15×1/100×6
=7500/600
=12.5
So the simple interst is Rs. 12.5
T=2 MONTHS=2/12 YEARS=1/6 YEARS
SI=PRT/100
=500×15×1/100×6
=7500/600
=12.5
So the simple interst is Rs. 12.5
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