Question

Find the simple interest on $Rs25000$ for $2years$ at $12\%quarterly.$

Answer 1

Given: $$\begin{gathered} P=Rs25000 \\ T=2years \\ R=12\%quarterly=12\%\times 4yearly=48\%p.a. \end{gathered}$$

now, $SI=\frac{P\times R\times T}{100}=\frac{25000\times 48\times 2}{100}=Rs24000$.