Question

Calculate the simple interest
and amount on & 8000 at
the rate of 10% p.a. for 5 years


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Answer 1

Answer:

SI=P*R*T/100

SI=8000*10*5/100

SI=80*10*5

SI=400

Step-by-step explanation:

hope it's correct

Answer 2

Given :-

• Principal (P) = Rs,8000
• Rate (R) = 10%
• Time (T) = 5years

To Find :-

• Simple Interest and Amount

Solution :-

➞ Simple Interest = P × R × T / 100

➞ Simple Interest = 8000 × 10 × 5 / 100

➞ Simple Interest = 80 × 10 × 5

➞ Simple Interest = 80 × 50

➞ Simple Interest = Rs,400

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⟾ Amount = Simple Interest + Principal

⟾ Amount = 400 + 8000

⟾ Amount = Rs,8400

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Thus, Simple Interest = Rs,400, and Amount = Rs,8400

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★ Additional Info :

• Principal: The money which we deposit in or the lower from the bank or the money learned called the principal.
• Rate of interest: The interest paid on Rs, 100 for one year is called the rate per cent per year or rate per cent per annum.
• Time: The period of time for which the money is lent or invested.
• Interest: Additional money paid by the borrowed to the lender for using the money is called interest.
• Simple Interest: If the interest is calculated uniformly on the original principal throughout the lone period, it is called simple interest.
• Amount: The total money paid back to the lender is called the amount.

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