1.

Find the simple interest on Rs.12500 at 7% per annum for 3 years​

Answer»

<P>Answer:

  • Simple Interest on ₹12500 at 7% per annum for 3 YEARS is ₹2625.

Step-by-step explanation:

Given that:

  • Principal = ₹12500
  • Rate = 7%
  • Time = 3 years

To FIND:

  • Simple Interest.

Formula Used:

\sf{\circ\;Simple\;Interest=\dfrac{P\times R\times T}{100}}

Where,

  • P = Principal
  • R = Rate
  • T = Time

Solution:

As we know that,

\sf{Simple\;Interest=\dfrac{P\times R\times T}{100}}

Substituting the values,

\sf{\longmapsto\dfrac{12500\times 7\times 3}{100}}

CUTTING off the zeros,

\sf{\longmapsto\dfrac{125\!\!\!\not{0}\!\!\!\not{0}\times 7\times 3}{1\!\!\!\not{0}\!\!\!\not{0}}}

\sf{\longmapsto125\times7\times3}

Multiplying the numbers,

\sf{\longmapsto2625}

Hence,

  • Simple Interest = ₹2625


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