1) Principal = ₹ 25,000 R = 8 p. c. p. a. , T = 3years Find Interest. *₹ 7000₹ 6000​

Principle :- ₹ 25000

Rate of interest :- 8%

Time :- 3 years

Simple Interest of the given sum

Simple Interest :-

The simple interest of the given sum is ₹ 6000.

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Principle :-

Rate of interest :-

Time :-

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• Simple Interest is the extra amount to be given when a person borrows some money from a person or a bank. The person who gives money is called lender. The person who takes money is called borrower.
• Principal is the amount given at first from lender to borrower.
• Rate of interest is the extra amount to be given from borrower to lender. It is always written in percentage format.
• Time is given for the borrower to return back the given money with the given interest.