Question

Principle Rs4800 rate 7.5% pcpa and time 2 years

Answer 1

Given:

• Principal = Rs. 4800
• Rate = 7.5 %
• Time = 2 years

What To Find:

We have to find the simple interest.

Formula For Finding:

$\sf{Simple \: Interest = \dfrac{PRT}{100}}$

Solution:

Using the formula,

⇒ $\sf{Simple \: Interest = \dfrac{PRT}{100}}$

Substitute the values,

⇒ $\sf{Simple \: Interest = \dfrac{4800 \times 7.5 \times 2}{100}}$

Cancel the zeros,

⇒ $\sf{Simple \: Interest = 48 \times 7.5 \times 2}$

Multiply the numbers,

⇒ $\sf{Simple \: Interest = Rs. \: 720}$

∴ Therefore, the simple interest is Rs. 270.