Find the simple interest on ₹ 4800 at the rate of $$8 \frac{1}{2}$$% per annum for a period of 2 years 3 months.
Given that P = 4800, T = 2.25, R = 8.5
We know that Simple Interest $$ I = \frac{PTR}{100} $$
Therefore,$$ I = \frac{4800 \times 2.25 \times 8.5}{100} $$
=> $$ I = \frac{91800}{100} = Rs 918/- $$
Create a FREE account and get:
