Find the simple interest, when Principal = Rs 500, Rate of Interest = – InterviewSolution

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1.

Find the simple interest, when Principal = Rs 500, Rate of Interest = 12.5% per annum and Time = 4 years.

Answer»

Given Principal = Rs 500, Rate of Interest = 12.5% per annum and Time = 4 years.

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

On substituting these values in above equation we get

SI = (500 × 4 × 12.5)/100

= Rs 250

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