Question

Calculate the simple interest on $18000$ for $4$ years at $12\frac{1}{2}\%$ p.a. .

Answer 1

We have,

$P=Rs.18000$

$T=4years$

$R=12\frac{1}{2}\%=\frac{25}{2}\%$

$S.I$

We know that

$S.I=\frac{PRT}{100}$

Therefore,

$S.I=\frac{18000\times \frac{25}{2}\times 4}{100}$

$S.I=180\times \frac{25}{2}\times 4$

$S.I=180\times 25\times 2$

$S.I=Rs.9000$

Hence, this is the answer.