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Find The Simple Interest Of Rs.14000 At 10% Per Annum For 3 Months ?

Answer»

<P>The FORMULA to calculate simple interest is :

SI=(P x T x R)/100

In the given question Principal(P)=Rs. 14000, Time(T)=(3/12)YR. and Rate of interest(R)=10%

So, SI=(14000 x 1/4 x 10)/100

SI= Rs. 350.

The formula to calculate simple interest is :

SI=(P x T x R)/100

In the given question Principal(P)=Rs. 14000, Time(T)=(3/12)yr. and Rate of interest(R)=10%

So, SI=(14000 x 1/4 x 10)/100

SI= Rs. 350.



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