Question

1. Find the simple interest on 4,200 at 8% per annum after 3 years.​

Answer 1

Question :-

Find the simple interest on 4,200 at 8% per annum after 3 years.

Answer:-

• The simple interest is ₹ 1008.

Given :-

• Principal = ₹4200
• Rate = 8%
• Time = 3 years

To find :-

• Simple interest

Solution :-

$\boxed{ \large{simple \: interest \: = \frac{principal \times rate \times time}{100}}}$

$\implies \: simple \: interest \: = \frac{4200 \times 8 \times 3}{100} \\ \\ \implies \: simple \: interest \: = 42 \times 8 \times 3 \\ \\ \implies \: simple \: interest \: = ₹ \: 1008$

Hence,

The simple interest is ₹ 1008.