Question

(a) Find the simple interest on 10000 Rs for 2 year at 12 %per annum. Also, find the
amount.​

Answer 1

Amount=10000+2400=12400

SI=10000×12×2/100=2400

Answer 2

Given :-

• Principal (P) = Rs 10000
• Rate (R) = 12%
• Time (T) = 2 years

To Find :-

• Simple Interest and Amount

Solution :-

➞ Simple Interest = P × R × T / 100

➞ Simple Interest = 10000 × 12 × 2 / 100

➞ Simple Interest = 100 × 12 × 2

➞ Simple Interest = 100 × 24

➞ Simple Interest = Rs 2400

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⟾ Amount = Principal + Simple Interest

⟾ Amount = 10000 + 2400

⟾ Amount = Rs 12400

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Therefore :

• Simple Interest = Rs 2400
• Amount = Rs 12400

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★ Additional Info :

• Principal: The money which we deposit in or the lower from the bank or the money learned called the principal.
• Rate of interest: The interest paid on Rs, 100 for one year is called the rate per cent per year or rate per cent per annum.
• Time: The period of time for which the money is lent or invested.
• Interest: Additional money paid by the borrowed to the lender for using the money is called interest.
• Simple Interest: If the interest is calculated uniformly on the original principal throughout the lone period, it is called simple interest.
• Amount: The total money paid back to the lender is called the amount.

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