1. Find the simple interest when :
a. Principal = 1,000, Rate of Interest = 2% per annum, time = 3 yrs.
b. Principal = 1,250, Rate of Interest 18% per anuum,
anuum, time = 6 months.
c. Principal = 3,000, Rate of Interest = 4% per anuum, time = 2 yrs.
2
d. Prinicipal = 2,000, Rate of Interest = 1-% per anuum, time=6 months.
e. Principal = 2,500, Rate of Interest = 2%
per
anuum, time 3 months.
Answers
Answer:
If P denotes the principal ($), R denotes the rate (percentage p.a.) and T denotes time (years), then:-
S.I = (P × R × T)/100
R = (S.I × 100)/(P × T)
P = (S.I × 100)/(R × T)
T = (S.I × 100)/(P × R)
If the denotes the amount, then A = P + S.I
Note:
● When we calculated the time period between two dates, we do not could the day on which money is deposited but we count the day on which money is retuned.
● Time is always taken according to the per cent rat.
● For converting time in days into years, divide th number of days by 365 (for ordering or lap year.)
● For converting time in month into years, divide th number of month by 12 (for ordering or lap year.)
Step-by-step explanation:
this is the formula using this formula you have to calculate✌