Question

What is the monthly interest of Rs. 6300 at simple interest rate of 5% per annum?

Answer 1

principal = 6300

rate = 5% p.a.

time = 1/12years

$\huge\red{S.I\:=\:P\:×R\:×T }$

si = 6300 × 5 × 1/12 /100

si = 6300 × 5 × 1 /1200

si = 26.25 RS

Answer 2

Step-by-step explanation:

S.I= P×R×T÷100

therefore

S.I= 6300×5×1/12÷100

S.I=26.25 rupees per month

HOPE THIS HELPS YOU