Question

013
Rs. 5000 will amount to Rs.5600 at 3%
p.a. simple interest in the years
5
7​

Answer 1

Answer:

Given :

Principle = 5000rs

Rate = 3%

Time = 1 year

To Find:

Simple Interest

we know that the sum of principle and interest = amount

→ amount = Principle + Interest

→ 5600 = 5000 + Interest

→5600 - 5000 = Interest

→ 600 = Interest