Question

33. Calculate the simple interest on Rs. 6200 for 3 years at 8% per annum?
A) 1244
B) 1488
C) 1288
D) 1622
explain by step by step​

Answer 1

${\large{\pmb{\sf{\underline{RequirEd \; Solution...}}}}}$

⠀⠀⠀⠀ ⠀⠀⠀⠀Calculate the simple interest on Rs. 6200 for 3 years at 8% per annum?

${\bigstar \:{\pmb{\sf{\underline{Given \: that...}}}}}$

⋆ Principal is 6200 Rupees

⋆ Time is 3 years

⋆ Rate of interest is 8 percentage

${\bigstar \:{\pmb{\sf{\underline{To \: find...}}}}}$

⋆ Simple Interest

${\bigstar \:{\pmb{\sf{\underline{Solution...}}}}}$

⋆ Simple Interest = 1488 Rupees, option B)

${\bigstar \:{\pmb{\sf{\underline{Using \: concept...}}}}}$

⋆ Formula to find out the simple interest

${\bigstar \:{\pmb{\sf{\underline{Using \: formula...}}}}}$

${\underline{\boxed{\sf{\star \: SI \: = \dfrac{P \times R \times T}{100}}}}}$

⠀⠀⠀⠀ ⠀⠀⠀(Where, SI denotes Simple Interest, P denotes Principal, R denotes Rate of interest and T denotes Time)

${\bigstar \:{\pmb{\sf{\underline{Full \: Solution...}}}}}$

$:\implies \sf \dfrac{P \times R \times T}{100} \\ \\ :\implies \sf \dfrac{6200 \times 8 \times 3}{100} \\ \\ :\implies \sf \dfrac{6200 \times 24}{100} \\ \\ :\implies \sf \dfrac{62{\cancel{00}} \times 24}{\cancel{{100}}} \\ \\ :\implies \sf 62 \times 24 \\ \\ :\implies \sf Rupees \: 1488 \\ \\ {\pmb{\sf{Henceforth, \: Rupees \: 1488 \: is \: the \: simple \: interest}}}$

________________

• Attachment 1st refer to the calculation of 62 × 24.

• And dear web users, kindly see steps of cancelling from the 2nd attachment.

Answer 2

Answer:

$\begin{gathered}{\Large{\textsf{\textbf{\underline{\underline{Given:}}}}}}\end{gathered}$

• ● Principle = Rs.6200
• ● Rate of Interest = 8%
• ● Time = 3 years

$\begin{gathered}{\Large{\textsf{\textbf{\underline{\underline{To Find:}}}}}} \end{gathered}$

• ● Simple Interest

$\begin{gathered}{\Large{\textsf{\textbf{\underline{\underline{Using Formula:}}}}}}\end{gathered}$

${\dag{\underline{\boxed{\sf{S.I \: = \dfrac{P \times R \times T}{100}}}}}}$

${\textbf{\red{Where}}}$

• ● S.I = Simple Interest
• ● P = Principle
• ● R = Rate of Interest
• ● T = Time

$\begin{gathered}{\Large{\textsf{\textbf{\underline{\underline{Solution:}}}}}}\end{gathered}$

${\quad{: \implies{\sf{S.I \: = \dfrac{P \times R \times T}{100}}}}}$

• Substituting the values

${\quad{: \implies{\sf{S.I \: = \dfrac{6200 \times 8 \times 3}{100}}}}}$

${\quad{: \implies{\sf{S.I \: = \dfrac{6200 \times 24}{100}}}}}$

${\quad{: \implies{\sf{S.I \: = \dfrac{148800}{100}}}}}$

${\quad{: \implies{\sf{S.I\:={\cancel{\dfrac{148800}{100}}}}}}}$

${\quad{: \implies{\sf{S.I\:={1488}}}}}$

${\dag{\underline{\boxed{\sf{S.I\:={Rs.1488}}}}}}$

${\textbf{\red{Therefore}}}$

• ● The Simple Interest is Rs.1488..
• ● Option B) 1488 is the correct answer..

$\begin{gathered}{\Large{\textsf{\textbf{\underline{\underline{Know More:}}}}}}\end{gathered}$

★ Formula of Simple Interest (S.I)

• ● $\dag \boxed{\sf{S.I = \dfrac{P \times R \times T}{100}}}$

★ Formula of Principle(P) if Amount and Interest given

• ● $\dag{\boxed{\sf{P=Amount - Interest}}}$

★ Formula of Principle (P) if Interest,time and rate given

• ● $\dag{\boxed{\sf{P = \dfrac{Interest \times 100 }{Time \times Rate}}}}$

★ Formula of Principle (P) if amount,time and rate given

• ● $\dag{\boxed{\sf {P = \dfrac{Amount\times 100 }{100 + (Time \times Rate)}}}}$

★ Formula of Amount if Principle (P) and Interest (I) given

• ● $\dag{\boxed{\sf{Amount = Principle + Interest }}}$