If the simple interest on a certain amount at a rate of 15% for 3 year

1.	If the simple interest on a certain amount at a rate of 15% for 3 years is Rs 1350, then what will be the simple interest for next 2.5 years? 1. Rs 9002. Rs. 12503. Rs. 11254. Rs. 22505. Rs 450
Answer» Correct Answer - Option 3 : Rs. 1125 Given- Rate = 15% Time = 3 years Interest = Rs. 1350 Formula Used- Interest = P × R × T/100 [where P = Principal, R = Rate, T = Time] Calculation- Let P = Principal, R = Rate, T = Time According to Question- P × 15 × 3/100 = 1350 ⇒ P = 3000 ∴ Simple interest for next 2.5 years = 3000 × 15 × 2.5/100 ⇒ Rs. 1125

If the simple interest on a certain amount at a rate of 15% for 3 years is Rs 1350, then what will be the simple interest for next 2.5 years? 1. Rs 9002. Rs. 12503. Rs. 11254. Rs. 22505. Rs 450

Answer» Correct Answer - Option 3 : Rs. 1125

Given-

Rate = 15%

Time = 3 years

Interest = Rs. 1350

Formula Used-

Interest = P × R × T/100 [where P = Principal, R = Rate, T = Time]

Calculation-

Let P = Principal, R = Rate, T = Time

According to Question-

P × 15 × 3/100 = 1350

⇒ P = 3000

∴ Simple interest for next 2.5 years = 3000 × 15 × 2.5/100

⇒ Rs. 1125

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If the simple interest on a certain amount at a rate of 15% for 3 years is Rs 1350, then what will be the simple interest for next 2.5 years? 1. Rs 9002. Rs. 12503. Rs. 11254. Rs. 22505. Rs 450

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