Question

What will be the simple interest earned on an amount of rs.16,800 in 9 months at the rate of 6 1/4% p.A?

Answer 1

SI = PRT / 100

16800 = Principal

9 months = 3/4 year = Time

6 1/4 = 25/4 % = Rate

16800 * 3 * 25

___________

4 * 4 * 100 = 1575 rupees

Therefore, 1575 rupees is earned as simple interest.