InvestorQ : how much is the simple interest earned on ? 75 for 3 months at 8 p.c.p.a.?
Aditya Suresh Sarmalkar made post

how much is the simple interest earned on ? 75 for 3 months at 8 p.c.p.a.?

Answer
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VIKAS DELIWALA answered.
2 years ago
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PRINCIPAL AMT :- 75

Intrest = 8 %p.a. (r = 8% , i = 8 ÷ 100 = 0.08

Tenure :- 3 month ( t = 3m÷ 12m = 0.25)

Simple intrest = p×i×t

= 75 × 0.08 × 0.25

Si = 1.5


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