Question

What will be the simple interest on Rs 462.50 for 3 1/2 years at the rate of 4% per annum?
Also find the total amount.​

Answer 1

Answer:

so given things

Principal = 462.50

rate = 4%

Time = 3and 1/2 years = 7/2 years

according to the formula of SI

SI = P×R×T / 100

= (462.50 × 4 × 7) / 100 × 2

= 64.12

amount = SI + P

= 64.12 + 462.50

= 526.62 ans