Question

The simple interest for rupees 2400 at 12% p..a rate of interest for 3 years is ---- rupees

Answer 1

Answer:

Given Principal (P) = Rs. 2400 Rate (R) = 9%

Time (T) = 3 years 5 months and 15 days = 2483 years

To find simple interest and he amount Simple interest = 100PRT=Rs.2400×1009×2483=Rs.747

And the amount = Rs.2400 + Rs. 747 = Rs. 3147