Question

Principal = ₹ 9,600 , rate = 7 1/2 % p.a. and time 5 months . Find Simple Intrest .​

Answer 1

Answer:

Given: – P = ₹ 9600, R = 7 ½ % p.a. = (15/2) and time = 5 months = (5/12) years

If interest is calculated uniformly on the original principal throughout the loan period, it is called simple interest. SI = (P × R × T)/100 = (9600 × (15/2) × (5/12))/ 100 = 9600 × (15/2) × (5/12) × (1/100) = (9600 × 15 × 5 × 1)/ (2 × 12 × 100) = (96 × 15 × 5 × 1)/ (2 × 12) = (7200)/ (24) = ₹ 300 Amount = (principal + SI) = (9600 + 300) = ₹ 9900

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