Question

1) Find the simple interest of ₹ 1000 kept for 2 years at 3 % rate of interst​

Answer 1

Hey...

Here is your answer

Hope it helps

Answer 2

★ Required answer:-

   

 

• Simple interest is ₹ 60 .

      

  

★ Given:-      

        

    

• ⇒ Principle =  ₹ 1000
• ⇒ Rate of interest = 3 %
• ⇒ Time 2 years

        

    

★ To find:-        

   

  

• Simple interest ( S.I )

     

    

★ Formula Used:-      

                           

• $\boxed{\sf{Simple\:interest\:=\:\dfrac{P\:\times\:R\:\times\:T}{100}}}$

Where,

• P = Principle
• R = Rate of interest
• T = Time

                               

★ Solution:-      

~Applying formula

                

$\qquad\sf{:\implies\:Simple\:interest\:=\:\dfrac{P\:\times\:R\:\times\:T}{100}}$

                 

$\qquad\sf{:\implies\:Simple\:interest\:=\:\dfrac{1000\:\times\:3\:\times\:2}{100}}$

                  

$\qquad\sf{:\implies\:Simple\:interest\:=\:\dfrac{3000\:\times\:2}{100}}$

                  

$\qquad\sf{:\implies\:Simple\:interest\:=\:\dfrac{6000}{100}}$

                  

$\qquad\sf{:\implies\:Simple\:interest\:=\:\dfrac{60}{1}}$

                    

$\qquad\sf{:\implies\:Simple\:interest\:=\:60}$

                                                               

Hence the simple interest is ₹ 60 .