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WebbTo calculate the SI for a certain amount of money (P), rate of interest (R) and time (T), the formula is: SI = (PTR)/100 Here, SI = Simple interest P = Principal (sum of money borrowed) R = Rate of interest p.a T = Time (in years) Test your knowledge on Simple Interest Put your understanding of this concept to test by answering a few MCQs. Webb28 mars 2024 · Average : ₹8,000 Range : ₹6,000 - ₹10,000 How much does a SUB INSPECTOR make? The national average salary for a SUB INSPECTOR is ₹50,000 in India. Filter by location to see SUB INSPECTOR salaries in your area. Salary estimates are based on 22 salaries submitted anonymously to Glassdoor by SUB INSPECTOR employees. WebbIn this case, the yearly interest is ₹5,000 (i.e., ₹1,00,000 x 5%). Over two years, the total interest amount comes to ₹10,000 (i.e., ₹5,000 x 2 years). Let’s look at how the simple interest formula calculates this amount. Simple Interest: 1,00,000x5x2/100. Solving this gives us the simple interest amount of ₹10,000. hovawarts