Find the simple interest, when Principal = Rs 4500, Rate of Interest = – InterviewSolution

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1.

Find the simple interest, when Principal = Rs 4500, Rate of Interest = 4% per annum and Time = 6 months.

Answer»

Given Principal = Rs 4500, Rate of Interest = 4% per annum and Time = 6 months = ½ years

We know that simple interest = (P × T × R)/100

On substituting these values in above equation we get

SI = (4500 × ½ × 12.5)/100

SI = (4500 × 1 × 12.5)/100 × 2

= Rs 90

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