Answer:
The simple interest is Rs.427.5.
Explanation:
Given :
- Principle (P) = Rs.9500
- Rate (R) = 1.5%
- Time (T) = 3 years
To Find :
Using Formula :
![{\star{\small{\underline{\boxed{\sf{\red{S.I = (PRT)/(100)}}}}}}}](https://img.qammunity.org/2022/formulas/mathematics/high-school/tfpqes2sq67o6xben1fs30jihokwxhj2zr.png)
- S.I = Simple Interest
- P = Principle
- R = Rate
- T = Time
Solution :
Substituting the values in the formula to find Simple Interest :
![{\dashrightarrow{\small{\sf{S.I = (PRT)/(100)}}}}](https://img.qammunity.org/2022/formulas/mathematics/high-school/c7xjo59wpharahmu987zx6avsfdetfemc9.png)
![{\dashrightarrow{\small{\sf{S.I = (P * R * T)/(100)}}}}](https://img.qammunity.org/2022/formulas/mathematics/high-school/a90coajmsc09otldde2mmt7j35pnnib4q9.png)
![{\dashrightarrow{\small{\sf{S.I = (9500 * 1.5 * 3)/(100)}}}}](https://img.qammunity.org/2022/formulas/mathematics/high-school/yjw7fx541jumb49f44fedhmisfltqrrmmc.png)
![{\dashrightarrow{\small{\sf{S.I = (9500 * 15 * 3)/(100 * 10)}}}}](https://img.qammunity.org/2022/formulas/mathematics/high-school/jwgkgscdfwz2krw9mvcu0lmjjwq3w6g200.png)
![{\dashrightarrow{\small{\sf{S.I = \frac{95\cancel{00}* 15 * 3}{1\cancel{00} * 10}}}}}](https://img.qammunity.org/2022/formulas/mathematics/high-school/x1n96v80vs0rqby30humvu84bpwc9eghg4.png)
![{\dashrightarrow{\small{\sf{S.I = (95* 15 * 3)/(1* 10)}}}}](https://img.qammunity.org/2022/formulas/mathematics/high-school/2l95a94lckd856mox23amm86ncbvjavyu5.png)
![{\dashrightarrow{\small{\sf{S.I = (95* 45)/( 10)}}}}](https://img.qammunity.org/2022/formulas/mathematics/high-school/he8bjnzx5dpu6zmhvvarvq43idqsa2pdtz.png)
![{\dashrightarrow{\small{\sf{S.I = (4275)/( 10)}}}}](https://img.qammunity.org/2022/formulas/mathematics/high-school/vysykbus49v9ruyp3olle55i8m571z4alk.png)
![{\dashrightarrow{\small{\sf{S.I = 427.5}}}}](https://img.qammunity.org/2022/formulas/mathematics/high-school/9bhzu4ox1or5yz8gdrvr1ezt1hrx9r3h3d.png)
![{\star{\small{\underline{\boxed{\sf{\pink{S.I = Rs.427.5}}}}}}}](https://img.qammunity.org/2022/formulas/mathematics/high-school/dr1eox5vomjxb9z1xzkqzwuel08xe27mza.png)
Hence, the simple interest is Rs.427.5.
![\rule{300}{1.5}](https://img.qammunity.org/2022/formulas/computers-and-technology/college/d65774twaz0valxki6xchlydj44bqzuhee.png)