Find the simple interesr on ₹20000 for 4 ¹/2 years at 8¹/2% per anum

Question

asked Aug 27, 2023 156k views

1 Answer

Erric J Manderin · Answer 1 · 2023-09-01T20:09:42+0000

Answer:

7650 rupees

Explanation:

Use I = Pnr

Here P = Principal = 20000 rupees

n = time = 4.5 years

r = rate of interest = 8.5% = 8.5/100