Question

Calculate simple interest :

a) P = 2500, rate 8% PA, T = 1 year
b) P = 4200, rate 6% P.A, T = 3 year
Nhen 6 added to a number gives 13​

Answer 1

the simple interest in both cases is 200 and 756 respectively

Explanation:

The computation of the simple interest is shown below:

As we know that

Simple interest = P × r% × t

So

a. Simple interest is

= 2,500 × 8% × 1

= 200

b. The simple interest is

= 4,200 × 6% × 3

= 756

Hence, the simple interest in both cases is 200 and 756 respectively