Question

QUESTION :-

P = 22,500 for 2.75
Years = 8.12% p.a.

Quality answer needed! ​

Answer 1

Given :

• P = 22,500 for 2.75 years at 8.12% p.a.

To Find :

• Find the simple intrest ?

Solution :

We know that,

• S.I = (P × R × T)/100

We have,

• P = Principal = Rs. 22,500
• R = Rate = 8.12% p.a.
• T = Time = 2.75 years

Finding the simple intrest :

➣ S.I. = (22500 × 8.12 × 2.75)/100

➣ S.I. = 502425/100

➣ S.I. = 5024.25

Hence,

• Simple intrest is Rs. 5024.25.