Question

Shrikant deposited 85,000 rupees for 2 and the half years at 7 p.c.p.a. in a savings bank account. What is the total interest he recieved at the end of the period?

Step by step answer plz​

Answer 1

Given:

• Principal = Rs. 85000
• Rate = 7 %
• Time = 2 years and half year = 2.5 years

What To Find:

We have to find the simple interest.

Formula:

$\sf{SI = \dfrac{PRT}{100}}$

Solution:

Using the formula,

⇒ $\sf{SI = \dfrac{PRT}{100}}$

Substitute the values,

⇒ $\sf{SI = \dfrac{8500 \times 7 \times 2.5}{100}}$

Cancel the zeros,

⇒ $\sf{SI = 85 \times 7 \times 2.5}$

Multiply the numbers,

⇒ SI = Rs. 1487.5

∴ Therefore, the simple interest is Rs. 1487.5.

Answer 2

Answer:

The answer is1487.5

Hope you like it ✌