Question

simple interest on a sum of money for 3 yrs at 6/1/4% per annum is $2400

what will be the c.interest on that sum at the same rate for the same period ​

Answer 1

Answer:

Principal amount = 2400

Rate of interest = 6 1/4 = 25/4

Time = 3 yrs

Simple interest = PRT/100

= 2400×25×3/4 ×100

= 450

Answer 2

Answer:

2400×24/400×3 will be the answer. Now you can answer it with ease friend.