# What would be the simple interest at the rate of 912% per annum on Rs. 6000 for 212 years? - Mathematics and Statistics

Sum

What would be the simple interest at the rate of 9 1/2% per annum on Rs. 6000 for 2 1/2 years?

#### Solution

Rate of interest per annum R = 9 1/2% = 19/2%

Principal P = ₹ 6000

Duration T = 2 1/2 = 5/2 years

∴ Simple Interest,

I = "PRT"/100 = 6000 xx 19/2 xx 5/2 xx 1/100

= 15 × 19 × 5

= 1425

∴ The simple interest would be  ₹ 1425.

Concept: Simple and Compound Interest (Entrance Exam)
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Chapter 9: Commercial Mathematics - Exercise 9.3 [Page 130]

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