Question

rupees 3000 is lent out at 9% rate of interest find the interest which will be received at the end of 2 and half years

Answer 1

s.i = 3000*30*9/100=8100 Rs
here 2 n half years = 30 months

Answer 2

Answer:

The interest is Rs.675.

Step-by-step explanation:

Given : Rs. 3000 is lent out at 9% rate of interest.

To find : The interest which will be received at the end of 2 and half years ?

Solution :

Applying interest formula,

$I=P\times R\times T$

Where, P is the Principal - P= Rs. 3000

R is the Rate - R= 9% =0.09

T is the time - T= 2.5 years

Substitute the value in the formula,

$I=3000\times 0.09\times 2.5$

$I=675$

Therefore, the interest is Rs.675.