Question

What is the Simple interest earned on Rs. 20,000 invested 3 month at a rate of 5% per annum?

Answer 1

Answer:

rs 25000 is answer.

Step-by-step explanation:

s.i = p×r×n÷ 100

s.i.= 20000×5×3/12÷100

s.i= 25000

Answer 2

The simple interest accumulated on a principal of Rupees 20,000.00

at a rate of 5% per year Rupees 250.00.

Explanation:

The simple interest formula is given by

SI = P*t*r/100

First, converting R percent to r a decimal

r = R/100 = 5%/100 = 0.05 per year,

putting time into years for simplicity,

3 months ÷ 12 months/year = 0.25 years,

then, solving our equation

I = 20000 × 0.05 × 0.25 = 250

I = Rupees 250.00

The simple interest accumulated

on a principal of Rupees 20,000.00

at a rate of 5% per year

for 0.25 years (3 months) is Rupees 250.00.

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