Question

at a rate of 11 P.c.p.a what would be the interest for one year on 5000?​

Answer 1

ɢɪᴠᴇɴ :-

• Principal (P) = 5000
• Rate (R) = 11 % per annum
• Time (T) = 1 year

ᴛᴏ ғɪɴᴅ :-

• Simple Interest (S. I)

sᴏʟᴜᴛɪᴏɴ :-

We know that,

$\implies \sf \: Simple \: Interest \: = \frac{Principal \times Rate \times Time}{100} \\ \\ \\ \implies \sf \: SI = \frac{PRT}{100}$

Put the above given values in it, we get,

$\implies \tt SI \: = \frac{5000 \times 11 \times 1}{100} \\ \\ \\ \implies \tt \: SI = \frac{55000}{100} \\ \\ \\ \implies \tt \: SI = 550$

Hence,

• Simple Interest (S. I.) = 550

Answer 2

$\large \fbox{ \tt \pink{GIVEN!!!!}}$

✪ principle (p)= ₹5000

✪ Rate (r) = 11%

✪ Time (t) = 1 year

$\large\mathtt{Find \: out :-}$

Simple interest = ?

$\huge{\underline{\mathtt{\green{solution:-}}}}$

We know,

SI = p×r×t/100

NoW,

_____ putting the values, we get,

SI =5000×11×1/100

SI = 55000/100

SI = 550

$\rule{300}{2}$