1.

₹ 3000 is lent out at 9% rate of interest. Find the Interest which will be received at the end of 2 1/2 years.

Answer»

P = ₹3000 R = 9% T = 2 1/2 years = \(\frac 52\)

Interest = P x R% x T

3000 x \(\frac {9}{100} \times \frac 52\) = ₹675



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