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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 |
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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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