Simple interest on Rs.3500 for 3 years at 12% per annum is ?
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Answered by
13
Simple interest =P*no. years*percentage/100
=3500*3*12/100
=1050/100*12
=75*12=₹1260
Answered by
8
Principal - Rs 3500
Time - 3yrs
Rate - 12% p.a
S.I. = (P × R × T) / 100
= (3500 × 12 × 3) / 100
= 1260
∴ The simple interest is 1260
Time - 3yrs
Rate - 12% p.a
S.I. = (P × R × T) / 100
= (3500 × 12 × 3) / 100
= 1260
∴ The simple interest is 1260
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