Question

The simple interest on ₹ 25000 for 3 years at 11(1/5) % per annum is *​

Answer 1

Given: $P=25000,T=3yrs.,R=11(\frac{1}{5} )=>\frac{11}{5} \%$

We have to find the simple interest.

The formula is used to calculate the simple interest is:

$S I=\frac{P R T}{100}$

Where,

P = Principal Amount

T = Time in Years

R = Rate of Interest per Annum.

We are solving in the following way:

Here,

$P=25000,T=3yrs.,R=11(\frac{1}{5} )=>\frac{11}{5} \%$

Now,

The simple interest will be:

$\begin{array}{l}S I=\frac{P R T}{100} \\\\S I=\frac{25000 \times 3 \times \frac{11}{5} }{100} \\\\S I=\frac{165000}{100} \\\\S I=1650\end{array}$

Hence, the simple interest will be $1650$Rs.