amegha603 amegha603

07-12-2021
Mathematics

contestada

the simple interest on a sum of rs 5000 at 4% p.a. for one year is __________.

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ztimughal ztimughal

07-12-2021

Answer:

Principal = Rs. 5000

Rate of Interest = 5%

Number of years = 2 y 3 m = 2 1/4 years

Interest = (P x N x R) / 100

ie (5000 x 9/4 x 5) /100= Rs. 562.50

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