Question

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

Answer 1

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