Question

the simple interest on rupees 4500 for 2 years at 6 percent p.a is?
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Answer 1

Answer:

we should find the simple interest by one formula principle*rate of interest*number of years / 100 = 4500*2*6/100=54000/100=540 hope it will help you

Answer 2

Given,

Rupees 4500 for 2 years at 6 percent p.a.

To Find,

The simple interest =?

Solution,

We can solve the question as follows:

It is given that we have to find the simple interest on Rs. 4500 for 2 years at 6 percent p.a.

$Principal\: amount = Rs. 4500$

$Time = 2\: years$

$Rate\: of\: interest = 6$%

Now, the formula for finding the simple interest is given as:

$Simple\: interest = \frac{Principal*Rate*Time}{100}$

Substituting the values in the above formula,

$Simple\: interest = \frac{4500*6*2}{100}$

                         $= 45*6*2$

                         $= Rs.\: 540$

Hence, the simple interest is Rs. 540.