Find the simple interest on Rs.25,000 at 8% per annum for 3 years.

1.	Find the simple interest on Rs.25,000 at 8% per annum for 3 years.
Answer» ong>Answer: pls mark me as the brainliest Step-by-step explanation: The FORMULA we'll use for this is the simple interest formula i.e=P × R × T/100 P= is the principal amount, $25000.00. R= is the interest rate, 8% PER year, or in DECIMAL form, 8/100=0.08. T= is the time involved, 3....year(s) time periods. So, t is 3....year time periods. To find the simple interest, we multiply 25000 × 0.08 × 3 to get that: The interest is: $6000.00

Answer»

ong>Answer:

pls mark me as the brainliest

Step-by-step explanation:

The FORMULA we'll use for this is the simple interest formula i.e=P × R × T/100

P= is the principal amount, $25000.00.

R= is the interest rate, 8% PER year, or in DECIMAL form, 8/100=0.08.

T= is the time involved, 3....year(s) time periods.

So, t is 3....year time periods.

To find the simple interest, we multiply 25000 × 0.08 × 3 to get that:

The interest is: $6000.00

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