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What is the simple interest on the same sum for triple the time at half the rate percent per annum?

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The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525.
What is the simple interest on the same sum for triple the time at half the rate percent per annum?

posted Jan 3, 2020 by Upma

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1 Answer

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[Principle*1.1^2] - Principle = 525
Principle(1.1^2 - 1) = 525
Principle = 525/0.21 = 2500.

Simple interest for t = 6 years and 5% Rate of interest = 2500*6*5/100 = 750.

answer Jan 5, 2020 by Tejas Naik
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