Question

Principal = 72000, time =3 years and rate =12½℅ per annum

Answer 1

The answer is 99000.

Given:

• Principal = 72000
• time = 3 years
• rate = 12 1/2% p.a. i.e. 12.5 %

• We have to find the simple interest.
• The formula use here will be: A = P ( 1 + rt)
• Here 'A' is the amount, 'P' is the Principal, 'r' is the rate and 't' is the time.
• We will be using the above formula to find the solution.

To Find:

Simple Interest

By The Problem:

A = P ( 1 + rt )

= 72000 ( 1 + 12.5*3)

= 72000 ( 1 + 0.375 )

= 72000 * 1.375

= 99000.

Thus, the answer will be 99000.