a calculate the simple interest on rupees 7500 for 2 years at 5%per annum and amount uf
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6
Answer:
si=prt/100
7500×2×5/100
75×10
750
so simple interest =rs750
Step-by-step explanation:
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Question :-
calculate the simple interest on 7,500 for 2 years at 5% per annum. find the amount
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Solution :-
➲ Given Information :-
- ■ Principal ➢ ₹7,500
- ■ Time ➢ years
- ■ Rate of Interest ➢ p.a.
➲ To Find :-
- ■ Amount
➲ Concept :-
- ■ Simple Interest Word Problems
➲ Formula Used :-
- ■
- ■ Amount = Simple Interest + Principal
➲ Explanation :-
- ■ For calculating Simple Interest, We have our formula which is mentioned above. We will simply substitute the given values in the formula, Calculate, and get our answer i.e., the Simple Interest.
➲ Calculation :-
We have our 1st formula which is,
Substituting the given values in the formula, We get,
Cancelling & Calculating further, We get,
Calculating further, We get,
∴ Simple Interest = ₹2,937.5
Now, finding the amount,
Substituting the values in the 2nd formula, We get,
:⇒ Amount = Simple Interest + Principal
:⇒ Amount = ₹750 + ₹7,500
:⇒ Amount = ₹8,250
∴ Amount = ₹8,250
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Final Answer :-
- ■ The Amount will be ₹10,437.5
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Note :-
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