Question

What is the interest on ₹ 4500 from January 5 to may 31; 2011 at 8% p.a.?

Answer 1

Answer:

Given Principal = Rs 2000, Rate of Interest = 5% per annum and Time = 5 years.

We know that simple interest = (P × T × R)/100

On substituting these values in above equation we get

SI = (2000 × 5 × 5)/100

= Rs 500

(ii) Given Principal = Rs 500, Rate of Interest = 12.5% per annum and Time = 4 years.

We know that simple interest = (P × T × R)/100

On substituting these values in above equation we get

SI = (500 × 4 × 12.5)/100

= Rs 250

(iii) Given Principal = Rs 4500, Rate of Interest = 4% per annum and Time = 6 months = ½ years

We know that simple interest = (P × T × R)/100

On substituting these values in above equation we get

SI = (4500 × ½ × 4)/100

SI = (4500 × 1 × 4)/100 × 2

= Rs 90