Find the simple interest on 22500 for 3 years and 6 months at 3% per annum: Also, find the amount.
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Find the simple interest on 22500 for 3 years and 6 months at 3% per annum: Also, find the amount.
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Answer:
Principle = ₹ 22500
Rate = 3% per annum
Time = 7 half yearly
S.I. = PxRxT/ 100
= 22500x3x7 / 100
= ₹ 4750
Amount = Principle + Interest
= 22500 + 4750
= ₹27250
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