Question

Answer the following as directed.

1) Find the simple interest of ₹ 1000 kept for 2 years at 3 % rate of​

Answer 1

1]

Given :-

Principal = 1000

Time = 2 years

Rate = 3 %

To Find :-

Interest

Solution :-

SI = PRT/100

SI = 1000 × 3 × 2/100

SI = 10 × 3 × 2

SI = Rs. 60

2]

Given :-

Principal = 5000

Time = 2 years

Rate = 7 %

To Find :-

Amount

Interest

Solution :-

SI = PRT/100

SI = 5000 × 7 × 2/100

SI = 50 × 7 × 2

SI = 700

A = P + SI

A = 5000 + 700

A = 5700