Find the simple interest (in ₹) on ₹2500
Find the simple interest (in ₹) on ₹2500 as a sum borrowed at 7% per year rate of interest for 5 years.
5 वर्षो के लिए 7% वार्षिक की ब्याज दर पर उधार ली गई राशि ₹ 2500 पर साधारण ब्याज (₹ में) ज्ञात कीजिए
Detailed Solution & Logic
Correct Answer:
875
P = 2500, r = 7%, t = 5 years
Simple Interest = $ \frac{P \times r \times t}{100} $
$ = \frac{2500 \times 7 \times 5}{100} $
= 875
Simple Interest = ₹875
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