Question

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

Answer 1

Answer:2700 ×7.5×7/3×100= 472.5

Step-by-step explanation:

Answer 2

$\frac{prt}{100}$
p = 2700

r = 7.5

t = 2.4

s.i =
$\frac{2700 \times 7.5 \times 2.4}{100}$
= 27 x 7.5 x 2.4

= 486

if he deposited the money add 486 to 2700 and that is the money he will he back if he took a loan then add 486 to 2700 and he should pay that amount