6. Find the simple interest for the following bank deposits by unitary
method.
a.
Principal = 500, Rate = 5% and Time = 3 years
Answers
Answered by
2
Step-by-step explanation:
Simple interest = PRT/100
= 500 × 5 × 3 / 100
= 75
Rs. 75 is the SI
Answered by
18
Given :
- Principal = 500
- Rate = 5%
- Time = 3 years
To Find :
- Simple Interest = ?
Solution :
Here,
- P = 500
- R = 5%
- T = 3 years
Formula for finding SI (Simple Interest) :-
⠀⠀⠀⠀⠀⠀⠀⠀
⠀⠀⠀⠀⠀⠀⠀⠀
⠀⠀⠀⠀⠀⠀⠀⠀
⠀⠀⠀⠀━━━━━━━━━━━━━━━━━━━━━⠀⠀⠀
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