Question

Find the simple interest and amount of $5500$ for $2years3months$ at $7\frac{1}{2}$ per annum.

• A. $Rs.928.125$
• B. $Rs.908.125$
• C. $Rs.948.125$
• D. $Rs.968.125$

Answer 1

Answer: (A)

$Rs.928.125$

We have,

$P=5500$

$T=2years3months=\frac{9}{4}years$

$R=7\frac{1}{2}=\frac{15}{2}\%$

$S.I=?$

We know that

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

Therefore,

$S.I=\frac{5500\times \frac{9}{4}\times \frac{15}{2}}{100}$

$S.I=55\times \frac{9}{4}\times \frac{15}{2}$

$S.I=55\times \frac{9}{4}\times \frac{15}{2}$

$S.I=Rs.928.125$

Hence, this is the answer.