Rs960 for 3 year at 11/2per annum find the S.I and amount simple interest
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Step-by-step explanation:
Principal⇒₹960
Rate⇒11/2% per annum
Time⇒3 years
Now, we known that to find the S.I the formula is
S.I⇒ P×R×T/100
⇒960×3×11/100×2
⇒792/5
S.I ⇒₹158.4
NOw we know tat
AMOUNT⇒P+S.I
⇒₹960+₹158.4
⇒₹1,118.4
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