Question

Rahul borrowed Rs. 2500 from Raman at 6% interest per annum. Find the Simple interest Rahul has to pay after four years to Raman.​

Answer 1

Solution!!

The concept of simple interest has to be used here. The principal, rate of interest and time is given. We have to find the interest.

Principal (P) = Rs 2500

Principal (P) = Rs 2500Rate of interest (R) = 6%

Principal (P) = Rs 2500Rate of interest (R) = 6%Time (T) = 4 years

We can find out the interest by using just one formula!

Interest = (P × R × T)/100

Interest = (2500 × 6 × 4)/100

Interest = Rs 600

The questioner often asks to calculate the amount too. So, here's how you can find the amount.

Amount = Principal + Interest

Answer 2

Answer:

600

Explanation: