Find the simple interest on Rs 2500 for 2 years at 15% per annum.

Answer

To find the simple interest on Rs. 2500 for 2 years at a rate of 15% per annum, we can follow these steps:

### Step 1: Identify the values
- Principal (P) = Rs. 2500
- Rate (R) = 15% per annum
- Time (T) = 2 years

### Step 2: Write the formula for Simple Interest
The formula for Simple Interest (SI) is given by:
\[ SI = \frac{P \times R \times T}{100} \]

### Step 3: Substitute the values into the formula
Now, we will substitute the values we identified into the formula:
\[ SI = \frac{2500 \times 15 \times 2}{100} \]

### Step 4: Calculate the numerator
First, calculate the product of the values in the numerator:
\[ 2500 \times 15 = 37500 \]
Now multiply this by 2:
\[ 37500 \times 2 = 75000 \]

### Step 5: Divide by 100
Now, divide the result by 100 to find the Simple Interest:
\[ SI = \frac{75000}{100} = 750 \]

### Step 6: State the final answer
The simple interest on Rs. 2500 for 2 years at 15% per annum is:
\[ \text{Simple Interest} = Rs. 750 \]

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