Question

Find the simple interest and the amount when
Principal$=Rs.2650,rate=8\%p.a$ and $time=2\frac{1}{2}years$

Answer 1

Given :

$P=Rs2650T=2\frac{1}{2}yearsR=8$%

$\therefore SI=\frac{PRT}{100}=\frac{2650\times 8\times 5}{2\times 100}=Rs530$

$\therefore Amount=P+SI=Rs3180$