ᴀ ꜱᴜᴍ ᴏꜰ ʀꜱ 10,000 ɪꜱ ʙᴏʀʀᴏᴡᴇᴅ ᴀᴛ ᴀ ʀᴀᴛᴇ ᴏꜰ ɪɴᴛᴇʀᴇꜱᴛ 10%ᴘ.ᴀ. ꜰᴏʀ 2 ʏᴇᴀʀꜱ. ꜰɪɴᴅ ꜱɪᴍᴘʟᴇ ɪɴᴛᴇʀᴇꜱᴛ ᴀɴᴅ ᴛʜᴇ ᴀᴍᴏᴜɴᴛ ᴛᴏ ʙᴇ ᴘᴀɪᴅ ᴀᴛ ᴛʜᴇ ᴇɴᴅ ᴏꜰ 2 ʏᴇᴀʀꜱ.
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Given :
Principal ( P ) : Rs.10,000
Time ( T ) : 2 Years
Rate ( R ) : 10%
To find:
Simple Interest & Amount ??
Solution :
Simple Interest (S.I)= PTR / 100
S.I = 10,000 × 2 × 10 / 100
S.I = Rs.2,000
To find Amount apply the below formula :-
Formula :
Amount = Principal + S.I
According to the formula,
Amount = 10,000 + 2,000
Amount = Rs. 12,000
•Therefore, Simple Interest = 2,000
Amount = Rs.12,000
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