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The problem asks for the interest to be paid by Mr. Singh on a loan of ₹11,250 lent by Mr. Chopra at an interest rate of 12.5% per annum over a period of 3 years and 9 months. 

This is a simple interest problem. The formula for simple interest (SI) is:

\[
SI = \frac{P \times R \times T}{100}
\]

Where:
- \( P \) is the principal amount (₹11,250),
- \( R \) is the rate of interest (12.5% per annum),
- \( T \) is the time period (3 years and 9 months, which is \( 3 + \frac{9}{12} = 3.75 \) years).

Let's calculate the interest Mr. Singh has to pay.The simple interest that Mr. Singh has to pay to Mr. Chopra is ₹5,273.44.

Would you like any further details or clarifications on this calculation?

Here are 5 related questions you might be interested in:
1. How is the total amount payable by Mr. Singh calculated, including both principal and interest?
2. What is the difference between simple interest and compound interest?
3. How would the interest change if the rate were increased to 15% per annum?
4. How would the interest be affected if the time period was reduced to 2 years?
5. What if the loan was repaid monthly—how would the calculation change?

**Tip**: Always convert mixed time periods (e.g., years and months) into a decimal for accurate interest calculations.

Mr. Chopra lent ₹11,250 to Mr. Singh on interest at the rate of 12.5% p.a. After 3 years and 9 months, Mr. Singh returns the money to Mr. Chopra. How much interest does Mr. Singh have to pay?

Learn how to calculate the simple interest on a loan of ₹11,250 at an interest rate of 12.5% per annum over 3 years and 9 months. This solution covers core concepts like simple interest, time conversion, and percentage calculations. Suitable for students in Grades 6-8.

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