1.

Find the simple interest on the amount of 2500 for 219 days if the rate of interest is 5% per annum.1. 252. 503. 754. 37.5

Answer» Correct Answer - Option 3 : 75

Given

Principle = 2500

Rate = 5%

Time = 219 days

Formula

SI = P × R × T/100

Calculation

Time = 219 days = 219/365 years = 3/5 years

SI = [2500 × 5 × (3/5)]/100

⇒ 25 × 3

⇒ 75 

∴ The simple interest is 75.



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