Question

A person deposits rupees 25000 in a firm who pays the interest at the rate of 20% per annum. calculate the amount he gets from it annually. ​

Answer 1

Answer:

Step-by-step explanation:

Given,

Principal amount, P = Rs 25000

Time period, T = 1 year

Rate of Interest, R = 20% p.a.

To Find,

Simple Interest, SI =?

Formula to be used,

Simple Interest = (P × T × R)/100

Amount = Principal + Simple Interest

Solution,

We know that,

Simple Interest = (P × T × R)/100

Putting all the values, we get

⇒ Simple Interest = (25000 × 1 × 20)/100

⇒ Simple Interest = 500000/100

⇒ Simple Interest = Rs. 5000

Here, the simple interest is Rs. 5000.

Amount = Principal + Simple Interest

⇒ Amount = 25000 + 5000

⇒ Amount = Rs 30000

Hence, the amount he gets from it annually is Rs 30000.

Answer 2

Answer:

Given :-

• A person deposits Rs 25000 in a farm who pays the interest at the rate of 20% per annum.

To Find :-

• What is the amount he gets from it annually.

Formula Used :-

$\clubsuit$ Simple Interest or S.I Formula :

$\longmapsto \sf\boxed{\bold{\pink{S.I =\: \dfrac{P \times R \times T}{100}}}}$

where,

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

$\clubsuit$ Amount Formula :

$\longmapsto \sf\boxed{\bold{\pink{A =\: P + S.I}}}$

where,

• A = Amount
• P = Principal
• S.I = Simple Interest

Solution :-

First, we have to find the simple interest :

Given :

• Principal (P) = Rs 25000
• Rate of Interest (R) = 20%
• Time (T) = 1 years

According to the question by using the formula we get,

$\implies \sf S.I =\: \dfrac{25000 \times 20 \times 1}{100}$

$\implies \sf S.I =\: \dfrac{25000 \times 20}{100}$

$\implies \sf S.I =\: \dfrac{5000\cancel{00}}{1\cancel{00}}$

$\implies \sf S.I =\: \dfrac{5000}{1}$

$\implies \sf\bold{\purple{S.I =\: Rs\: 5000}}$

Hence, the simple interest or S.I is Rs 5000 .

Now, we have to find the amount he gets from it annually :

Given :

• Principal (P) = Rs 25000
• Simple Interest (S.I) = Rs 5000

According to the question by using the formula we get,

$\dashrightarrow \sf Amount =\: Rs\: 25000 +\: Rs\: 5000$

$\dashrightarrow \sf Amount =\: Rs (25000 + 5000)$

$\dashrightarrow \sf\bold{\red{Amount =\: Rs\: 30000}}$

$\therefore$ Rs 30000 he gets from it annually.