Question

What is the simple interest on ₹2700 at 7.5% for 2 years 4 months

Answer 1

$\huge\mathfrak\red{Solution :\longrightarrow}$

Given,

Principal (P) = Rs 2700

Rate (R) = 7.5 %

$\mathsf{Time \: (T) = 2 \: years \: \: 4 \: \: months} \\ \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \mathsf{= 2 \frac{4}{12} \: \: years} \\ \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \mathsf{= \frac{7}{3} \: \: years}$

$\mathsf{SI = \frac{P \times R \times T}{100}} \\ \\ \: \: \: \: \:\mathsf{ = Rs} \: \: \mathfrak{( \frac{2700 \times 7.5 \times 7}{100 \times 3} )}$

$\: \: \: \: \: \mathsf{= Rs} \: \: \mathfrak{472.5}$