Question

Solve the problems on Simple Interest:

Answer 1

2. P = 2300

R = 3.25%

T = 5 years

$SI = \frac{P \times R \times T}{100}$

$SI = \frac{2300 \times 3.25 \times 5}{100}$

SI = 373.75

3. P = 1500

T = 20 months = 1 year 8 months

$= \frac{20}{12}$

SI = 125

R =

$R = \frac{SI \times 100}{P \times T}$

$R = \frac{125 \times 100 \times 12}{1500 \times 20}$

= 5%

4. P = 5000

R = 4.8%

T = 2 years

$SI = \frac{P \times R \times T}{100}$

$SI = \frac{5000 \times 4.8 \times 2}{100}$

= 480