Question
Find the simple interest on Rs 6000 at 8% per annum for 2.5 years.
Solution
Simple Interest (SI) = (P × R × T) / 100 P = 6000, R = 8%, T = 2.5 years SI = (6000 × 8 × 2.5) / 100 = (6000 × 8 × 5/2) / 100 = (6000 × 20) / 100 = 120000 / 100 = 1200
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