Question

(1) P= 10000; R = 7% p.a.; Time = 3 years
interest for the follow
w P= 310,000; R = 7% p.a.; Time = 3 years​

Answer 1

Step-by-step explanation:

P= 10,000

R= 7%

T= 3 years

Answer 2

Question :-

Find the Simple Interest :-

1) Principal = 10000, Rate = 7% per annum, Time = 3 years.

2) Principal = 310000, Rate = 7% per annum, Time = 3 years.

Answer 1 :-

• The Simple Interest is Rs 2100.

Given :-

• Principal = 10000.
• Rate = 7% per annum.
• Time = 3 years.

To find :-

• The Simple Interest.

Step-by-step explanation :-

In this question, we know the Principal, Rate and Time. We have to find the Simple Interest, we can do so by using the formula for Simple Interest. Let's proceed!

Calculations :-

We know that :-

$\tt Simple \: Interest = \dfrac{P \times R \times T}{100}$

Here,

P = Principal.

R = Rate.

T = Time.

Simple Interest can also be written as SI.

So let's apply this formula and find the Simple Interest.

Substituting the values,

$\sf Simple \:Interest= \dfrac{100 \!\!\!\not0 \!\!\!\not0 \times 7 \times 3}{1 \!\!\!\not0 \!\!\!\not0}$

Cutting off the zeroes,

$\sf Simple \: Interest = \dfrac{100 \times 7 \times 3}{1}$

Now let's multiply the remaining numbers.

$\sf100 \times 7 \times 3$

Multiplying,

$\sf\rightarrow2100.$

So, the Simple Interest is Rs 2100.

-----------------------------------------------------------

Answer 2 :-

• The Simple Interest is Rs 65100.

Given :-

• Principal = 310000.
• Rate = 7% per annum.
• Time = 3 years.

To find :-

• The Simple Interest.

Step-by-step explanation :-

In this question, we know the Principal, Rate and Time. We have to find the Simple Interest, we can do so by using the formula for Simple Interest. Let's proceed!

Calculations :-

We know that :-

$\tt Simple \: Interest = \dfrac{P \times R \times T}{100}$

Here,

P = Principal.

R = Rate.

T = Time.

Simple Interest can also be written as SI.

So let's apply this formula and find the Simple Interest.

Substituting the values,

$\sf Simple \: Interest = \dfrac{3100 \!\!\!\not0 \!\!\!\not0 \times 7 \times 3}{1 \!\!\!\not0 \!\!\!\not0}$

Cutting off the zeroes,

$\sf Simple \: Interest = \dfrac{3100 \times 7 \times 3}{1}$

Now let's multiply the remaining numbers.

$\sf3100 \times 7 \times 3$

Multiplying,

$\sf\rightarrow65100.$

So, the Simple Interest is Rs 65100.