Question

At a rate of 10 p.c.p.a, what would be the interest for one year on Rs 6000?​

Answer 1

Given:

• Principal = Rs. 6000
• Rate = 10 %
• Time = 1 year

What To Find:

We have to find the simple interest.

How To Find:

To find the simple interest using a formula i.e.,

$\sf{SI = \dfrac{PRT}{100}}$

Where

• SI = Simple Interest
• P = Principal
• R = Rate
• T = Time

Solution:

Using the formula,

⇒ $\sf{SI = \dfrac{PRT}{100}}$

Substitute the values,

⇒ $\sf{SI = \dfrac{6000 \times 10 \times 1}{100}}$

Cancel the zeros,

⇒ $\sf{SI = \dfrac{60 \!\!\!\not 0 \!\!\!\not 0 \times 10 \times 1}{1 \!\!\!\not 0 \!\!\!\not 0}}$

Also written as,

⇒ SI = 60 × 10 × 1

Multiply the numbers,

⇒ SI = Rs. 600

∴ Thus, the simple interest is Rs. 600.

Answer 2

★Question★

At a rate of 10 P.C.P.A , what would be the interest for one year on Rs 6000?

★Given★

• Principal ⟹ Rs 6000

• Time ⟹ 1 year

• Rate ⟹ 10 %

★To Find★

• Simple Interest

★Formula★

• S.I ➞ P × R × T / 100

★Solution★

Applying the Formula ,

S.I ➞ P × R × T / 100

Now, putting the values,

⟹ S.I ➞ 6000 × 10 × 1 / 100

⟹ S.I ➞ 6000 × 10 / 100

⟹ S.I ➞ 60000 / 100

⟹ S.I ➞ Rs 600

Therefore, the simple Interest is Rs 600.

★Explaination★

• Principal ⟼ The money you borrow is known as principal. It is denoted by ( P ).

• Interest ⟼ For keeping principal money for extra time the borrower has to pay some extra money . This is known as Interest. It is denoted by ( I ).

• Amount ⟼ The total money which we get from adding the Principal and Interest is called Amount. It is denoted by ( A ).

• Time ⟼ This is the period at which money is borrowed or deposited. It is denoted by ( T ).

• Simple Interest, ( S.I ) ⟼ Additional money which is payable is called the Simple Interest.