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ICSE Class 7 Answered

find the simple interest on rupees 2525 for 3 years the rate of 1 Paisa per rupee per month
Asked by msitar158 | 09 Jan, 2023, 06:08: PM
answered-by-expert Expert Answer
Interest per month = 1 paisa
Interest per year = 12 x 1 = 12 paisa
 
Total amount = 1 rupee = 100 paisa
Rate space of space interest space per space annum space equals space 12 over 100 cross times 100 equals 12 percent sign straight S. straight I. equals fraction numerator straight P cross times straight N cross times straight R over denominator 100 end fraction equals fraction numerator 2525 cross times 3 cross times 12 over denominator 100 end fraction equals fraction numerator 101 cross times 3 cross times 12 over denominator 4 end fraction equals 101 cross times 3 cross times 3 equals Rs. space 909
Answered by Renu Varma | 10 Jan, 2023, 11:09: AM

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