Question

principal = rs. 1500 rate=12 percent p. a. and time =3 years 3 months

Answer 1

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Answer 2

Principal = Rs. 1500 rate=12 percent p. a. and time =3 years 3 months  , then simple interest is Rs 585

Solution:

Given that,

Principal = Rs 1500

Rate of interest = 12 % P.A

Time = 3 year 3 months = $3+\frac{3}{12} = \frac{13}{4}\ years$

The simple interest is given as:

$Simple\ Interest = \frac{ p \times n \times r}{100}$

Where,

p is the principal

n is number of years

r is rate of interest

Substituting we get,

$Simple\ Interest = \frac{1500 \times 13 \times 12}{4 \times 100} \\\\ Simple\ Interest = 15 \times 13 \times 3 \\ \\Simple\ Interest = 585$

Thus simple interest is Rs 585

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