Answer :
The Simple interest Rate is 2643.75 rupees after 03 years.
Simple compound interest is a method of calculating interest at a fixed rate for a fixed period of time. With simple interest, the principal is always the same, unlike compound interest, which adds interest to the previous year's principal to calculate the next year's interest.
Simple interest is calculated using the following formula: = P × R × T, where P = principal, R = annual interest rate (%), T = hours, usually calculated as years. The interest rate is given as a percentage r%, written as r/100.
Given;
P = 11750 rupees
r = 7. 5
and, t = 3
To find the simple interest, we simply use this formula:
Simple Interest = P×R×T / 100
where, P = principal
R= rate
T= time
Simple interest=
11750rupees × 7. 5 × 3 / 100
=264375rupees / 100
=2643. 75 rupees
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