A sum of ₹ 8,560 is invested at 6.5% simple interest per annum for 4 years. Find the simple interest earned.
₹ 2,225.6
Simple interest is calculated using the formula \(SI = \frac{P \times R \times T}{100}\), where P is the principal, R is the rate of interest, and T is the time in years.
Substituting P = 8,560, R = 6.5, and T = 4:
\(SI = \frac{8560 \times 6.5 \times 4}{100} = 2225.6\)
Hence, the simple interest earned is ₹ 2,225.6.
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Important Questions from Simple Interest
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P borrowed an amount from Q at a simple interest of 10% p.a. At the end of the year, P paid back Rs 99000 which was 90% of what she owed. How much money did P borrow?
An amount becomes Rs. 3795 in 3 years and Rs. 4537.50 in \(7 \frac{1}{2}\) years on simple interest. Find the rate of interest per annum.
