Question

The simple interest on Rs. 25000 for 3 years at 5% per annum is

Answer 1

☆ANSWER:

We know, SI = P × R × T/100

So, the simple interest = $\frac{25000 \times 3 \times 5}{100}$

= ₹3,750

Answer 2

Given -

Principal - Rs. 25000

Time period - 3 year

Rate of interest - 5%

To find -

Simple Interest

Solution -

As we know that,

Simple Interest =

$\frac{p \times r \times t}{100}$

Where ,

P - Principal

r - Rate of interest

t - time period

Put the given values in the formula

Simple Interest =

$\frac{25000 \times 5 \times 3}{100}$

Divide 100 and 25000 by 25 we get

Simple Interest =

$\frac{1000 \times 3 \times 3}{4}$

Divide 100 by 4 we get

Simple Interest =

$250 \times 5 \times 3$

Simple Interest =

$1250 \times 3$

Simple interest =

$3750$

Hence,

Simple Interest is Rs. 3750 .