Question

A sum of Rs 1000 is lent for 1 year at the rate of 7% p.a. find the interest and amount

Answer 1

Answer:

Interest =₹70

amount=₹1070

Step-by-step explanation:

interest= SI=PRT/100

P=₹1000

R=7

T=1

∴SI=1000*7/100

SI=₹70

Amount=P+SI

amount=1000+70=1070

hope it helps pls mark brainliest

Answer 2

$\LARGE{\bf{\underline{\underline{GIVEN:-}}}}$

• Principle (P)= 1000 Rs.
• Rate (R) = 7%.
• Time (T) = 1 year.

$\LARGE{\bf{\underline{\underline{TO \ FIND:-}}}}$

• The interest (I).
• The amount (A).

$\LARGE{\bf{\underline{\underline{SOLUTION:-}}}}$

We can use the formula for Interest:

$\mapsto \sf{\red{I=\dfrac{PRT}{100} }}$

Where:

• I is interest.
• P is principal.
• R is rate.
• T is time.

Substituting the given values:

$\to \sf I=\dfrac{1000 \times 7 \times 1}{y}$

$\leadsto \sf{\red{ I=70 Rs.}} \bigstar$

We know that amount = P+I

→ Amount = 1000+70

→ Amount = 1070 Rs.

∴ Interest is 70Rs and Amount is 1070 Rs.