Simple Interest (SI) *b)Calculate the missing terms inPrincipal (P) Rate of Interest (R) Time (T)4003160019 years3100031700107%77003250009%5 years7112502. Simran deposited 712,500 in a bank, which pays simple interest at 8% pa zanum. Find the interest sitewill receive at the end of 4 years.3. A man borrowed 318,000 from his friend at 7% per annum simple interest. He returned the moneyafter 3 years 6 months. How much money did he pay bask altogether?4. How long does it take for a principal of $25,000 at a simple interest rate of 5% to become 30,0005. Ajay deposited 335,000 in a finance company for 4 years and received 345.500 in total. What was therate of simple interest per annum?6. Irfan deposited 342,000 in two bank accounts. He deposited 227,000 in one account which gives92% simple interest per annum and the remaining in another account which gives 11% penamHow much interest will he receive after 3 years?7. Find the time after which the simple interest on a sum of money will be double of the sum at the rateof 10% per annum​