calculate interest if principle = ₹ 220, rate = 6%, time = 1 year
Answers
Answered by
0
Answer:
13.2
Step-by-step explanation:
interest if principle = ₹ 220, rate = 6%, time = 1 year is = 13.2
Answered by
11
Answer :-
- The simple interest is Rs. 13.2.
Step-by-step explanation:
To Find :-
- The simple interest
Solution:
Given that,
- Principal = Rs. 220
- Rate = 6%
- Time = 1 year
Therefore,
- The simple interest is,
As we know that,
Simple interest = ( P × R × T ) ÷ 100,
Where,
- P = Principal
- R = Rate
- T = Time
=> Simple interest = ( Principal × Rate × Time ) ÷ 100
=> ( 220 × 6 × 1 ) ÷ 100
=> ( 220 × 6 ) ÷ 100
=> 2.2 × 6
=> 13.2
Hence,
The simple interest is Rs. 13.2.
Additional information :-
Some more information related to Simple interest :-
- Principal = ( S.I. × 100 ) ÷ ( R × T )
- Rate = ( S.I. × 100 ) ÷ ( P × T )
- Time = ( S.I. × 100 ) ÷ ( P × R )
- Simple interest = ( P × R × T ) ÷ 100
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