Question

The simple interest on Rs 2500 for 2yrs at the rate of 8.5 % p.a

Answer 1

Answer:

Principal = Rs 2500

Rate of interest = 8.5 % p.a

Time = 2yrs

S.I. = P×R×T

$= 2500 \times \frac{17}{200} \times \frac{1}{100} \times 2$

= 4.38144