Question

what is the simple interest of rs 250000 at a rate of 1.5 percent per annum??​

Answer 1

Answer:

Simple Interest = 3570

Step-by-step explanation:

Principal amount ( P )= Rs. 20000

Rate of interest ( R )= 1.5%

Time ( T ) = 1 year

For finding Simple Interest, we will use the following formula

SI =

$\frac{p \times t \times r}{100}$

$= \frac{250000 \times 1 \times 1.5}{100}$

Simple Interest = 3570

Answer

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