Question 128

₹ 2,64,000 is invested for 3 years at 8.25% p.a. simple interest. The interest is:

Solution

Given,

principal amount = ₹26400

Rate of interest= 8.25% p.a.

Time period= 3 years

We know that,

S.I.=$$\frac{\left(\ P\times\ r\times\ t\right)}{100}$$

S.I. =$$ \frac{\left(264000\times\ 8.25\times\ 3\right)}{100}$$

S.I. = ₹65340

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