the sum of 39000 rupees is lent for 9 month @15%. find the interest?
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➤ Given :-
Principle :- ₹ 39000
Time :- 9 months = 0.75 years
Rate of interest :- 15%
➤ To Find :-
Simple Interest on the given sum.............
➤ Formula required :-
➤ Solution :-
The simple Interest of the given sum is ₹ 4387.5.
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Some related formulas :-
Principle :-
Rate of interest :-
Time :-
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More to know....................
- Simple interest is the extra amount to be given when a person borrows money from a bank or a person. The lender is one who gives money and the borrower is one who takes money.
- Principle os the amount given at first from lender to borrower.
- Rate of interest is the extra amount to be given from borrower to lender. It is always written in percentage form.
- Time is given for borrower to return back the money with the given interest.
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