using unitary method find the simple interest for the following :
₹17000 for 5 years at 5×2/1 per annum
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The simple interest is ₹ 4675.
Step-by-step explanation:
Given P = ₹ 17000
R = 11/2 %
T = 5 years
S.I. = P × R × T / 100
= 17000 × 11 × 5 / 100 × 2
= 170 × 11 × 5 / 2
= 85 × 55 = 4675.(answer).
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