Question

SIMPLE INTEREST
Toterest is the additional amount paid by the
horrower for using the money borrowed by
him. Interest is also paid by the bank and other
financial institutions on the money deposited
EXAMPLE 25: If a sum of 1500 (Principal) is
borrowed for 4 years at the rate of 9% p.a. (per
annum), find the simple interest and the amount
to be repaid after 4 years.
SOLUTION: The formula used to calculate the
simple interest is
Prt
Simple interest (SI) =​

Answer 1

Answer:

SI is Rs 540

Step-by-step explanation:

do P×T×R/100. Then you will get the simple interestof Rs 5400