Question

Find the simple
interest on sh 25000
borrowed at the rate
of 1% for 3/4yrs.

Answer 1

Here the word "borrowed" is taken as Principal, given rate is 1% and time taken is 3/4 yrs.

so by using formula,

I = P*T*R / 100

= 25000*3/4*1 / 100

= 187.5

So the answer must be 187.5.