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What would be the simple interest at the rate of 912% per annum on Rs. 6000 for 212 years? - Mathematics and Statistics

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Sum

What would be the simple interest at the rate of `9 1/2%` per annum on Rs. 6000 for `2 1/2` years?

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Solution

Rate of interest per annum R = `9 1/2%` = `19/2%`

Principal P = ₹ 6000

Duration T = `2 1/2 = 5/2` years

∴ Simple Interest,

I = `"PRT"/100 = 6000 xx 19/2 xx 5/2 xx 1/100`

= 15 × 19 × 5

= 1425

∴ The simple interest would be  ₹ 1425.

Concept: Simple and Compound Interest (Entrance Exam)
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