The Interest on Rs6500 for 2years at 7.5%p.ais Rs………………….
Given,
Prinicpal , P=Rs6500
Time ,T = 2years
Rate of Interest, R% = 7.5%
Note :
we have a formula to find simple interest i.e Interest or I or SI
I=P×T×R100
Here,
Interest , I=P×T×R100
I=6500×2×7.5100
I=97500100 ( on dividing 97500 by 100, we get 975 )
I=975
Therefore, the answer for given blank is 975
Mr. Thomas invested an amount of ₹ 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be ₹ 3508, what was the amount invested in Scheme B?
In what time will the interest on Rs1456.80 be Rs182.10 at 5%p.a.