Question

4 find the simple interest on rs
8950 at 8%
per annum
four 3 years . also find the amount

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Answer 1

Answer:

Simple Interest = ₹21,372 and Amount = ₹11,098

Step-by-step explanation:

We know that, SI = $\frac{P * R * T}{100}$ where, P = Principle, R = Rate of Interest & T = Time deposited over year or /annum.

SI = $\frac{8950*8*3}{100}$ = ₹21,372

Now to calculate the interest:

$8950 * \frac{8}{100}$ =  716.

Now, We know that: Amount = (Interest * Time) + Principle

A = ($716*3$) + 8950

A = ₹11,098