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Find the simple interest on Rs.5664 at 10% p.a. for 2 years and 6 months.?
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Find the simple interest on Rs.5664 at 10% p.a. for 2 years and 6 mont...
Understanding Simple Interest
Simple interest is calculated on the principal amount for a specified period of time at a certain interest rate. The formula for calculating simple interest is:
Simple Interest (SI) = (Principal × Rate × Time) / 100
Where:
- Principal = Initial amount (Rs. 5664)
- Rate = Interest rate per annum (10%)
- Time = Duration in years
Calculating Time
For this problem, the time duration is given as 2 years and 6 months.
- Convert the time into years:
- 6 months = 0.5 years
- Total time = 2 + 0.5 = 2.5 years
Applying the Values
Now, we can substitute the values into the formula:
- Principal (P) = Rs. 5664
- Rate (R) = 10%
- Time (T) = 2.5 years
Calculation Steps
1. Multiply Principal and Rate:
- Rs. 5664 × 10 = Rs. 56640
2. Multiply the result by Time:
- Rs. 56640 × 2.5 = Rs. 141600
3. Divide by 100 to find Simple Interest:
- Rs. 141600 / 100 = Rs. 1416
Final Result
The simple interest on Rs. 5664 at 10% per annum for 2 years and 6 months is:
Rs. 1416
Simple interest is calculated on the principal amount for a specified period of time at a certain interest rate. The formula for calculating simple interest is:
Simple Interest (SI) = (Principal × Rate × Time) / 100
Where:
- Principal = Initial amount (Rs. 5664)
- Rate = Interest rate per annum (10%)
- Time = Duration in years
Calculating Time
For this problem, the time duration is given as 2 years and 6 months.
- Convert the time into years:
- 6 months = 0.5 years
- Total time = 2 + 0.5 = 2.5 years
Applying the Values
Now, we can substitute the values into the formula:
- Principal (P) = Rs. 5664
- Rate (R) = 10%
- Time (T) = 2.5 years
Calculation Steps
1. Multiply Principal and Rate:
- Rs. 5664 × 10 = Rs. 56640
2. Multiply the result by Time:
- Rs. 56640 × 2.5 = Rs. 141600
3. Divide by 100 to find Simple Interest:
- Rs. 141600 / 100 = Rs. 1416
Final Result
The simple interest on Rs. 5664 at 10% per annum for 2 years and 6 months is:
Rs. 1416
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Find the simple interest on Rs.5664 at 10% p.a. for 2 years and 6 months.?
Question Description
Find the simple interest on Rs.5664 at 10% p.a. for 2 years and 6 months.? for SSC CHSL 2025 is part of SSC CHSL preparation. The Question and answers have been prepared according to the SSC CHSL exam syllabus. Information about Find the simple interest on Rs.5664 at 10% p.a. for 2 years and 6 months.? covers all topics & solutions for SSC CHSL 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Find the simple interest on Rs.5664 at 10% p.a. for 2 years and 6 months.?.
Find the simple interest on Rs.5664 at 10% p.a. for 2 years and 6 months.? for SSC CHSL 2025 is part of SSC CHSL preparation. The Question and answers have been prepared according to the SSC CHSL exam syllabus. Information about Find the simple interest on Rs.5664 at 10% p.a. for 2 years and 6 months.? covers all topics & solutions for SSC CHSL 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Find the simple interest on Rs.5664 at 10% p.a. for 2 years and 6 months.?.
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