Shrikant deposited 85,000 rupees for 2 and the half years at 7 p.c.p.a – InterviewSolution

1.	Shrikant deposited 85,000 rupees for 2 and the half years at 7 p.c.p.a. in a savings bank account. What is the total interest he recieved at the end of the period? Step by step answer plz
Answer» rincipal = RS. 85000Rate = 7 %Time = 2 years and half YEAR = 2.5 yearsWhat To Find:We have to find the simple interest.Formula:Solution:Using the formula,⇒ SUBSTITUTE the values,⇒ CANCEL the zeros,⇒ Multiply the NUMBERS,⇒ SI = Rs. 1487.5∴ Therefore, the simple interest is Rs. 1487.5.

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