Question

The face value of a bill due to 5 yr hence is rs 13800. If the rate of simple interest is 5% per annum, what will be the bankers gain at the bill?

Answer 1

Bankers will gain on the face value 13800 for 5 years at rate of interest 5%.

so it means banker gain simple interest

i.e. S.I= P×R×T/100

= 13800×5×5/100

138×5×5=3450

Bankers will gain=3450 rupees

Answer 2

Answer:

The bankers gain at the bill is Rs.3450

Step-by-step explanation:

Principal = Rs.13800

Rate of interest = 5%

Time = 5 years

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

$SI = \frac{13800 \times 5 \times 5}{100}$

$SI = 3450$

Hence the bankers gain at the bill is Rs.3450