Question

Calculate the simple interest for rs.12000 at the rate of 5 % for 3 years

Answer 1

Given :

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• Principal = Rs.12000
• Rate = 5%
• Time = 3 years = 36 month.

${ }$

Find :

${ }$

• Simple Interest

${ }$

Solution :

${ }$

⠀ ⠀ ⠀ ⠀ ⠀ ⠀ ⠀ ⠀ Using Formula :

${ }$

$\:\:\:\:\:\:\:{\underbrace{\underline{\pink{\sf{\bf{Simple\:Interest\:=\:{\dfrac{P\:\times\:R\:\times\:T}{100}}}}}}}}\red\bigstar$

${ }$

$\:\:\:\:\:\:\:\dashrightarrow\:\sf{I\:=\:{\dfrac{12000\:\times\:5\:\times\:36}{100}}}$

${ }$

$\:\:\:\:\:\:\:\dashrightarrow\:\sf{I\:=\:120\:\times\:5\:\times\:36}$

${ }$

$\:\:\:\:\:\:\:\dashrightarrow\:{\underline{\boxed{\mathfrak{\blue{I\:=\:2,160}}}}}\bigstar$

${ }$

$\:\:\:\:\:\:\:\:\therefore\:{\underline{\sf{Hence,\:the\:Simple\:Interest\:is\:{\textsf{\textbf{Rs.\:2160}}}}}}.$

${ }$

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${ }$

Know More :

${ }$

• $\bigstar\:\sf{P\:=\:{\dfrac{100\:\times\:I}{R\:\times\:T}}}$

${ }$

• $\bigstar\:\sf{R\:=\:{\dfrac{100\:\times\:I}{P\:\times\:T}}}$

${ }$

• $\bigstar\:\sf{T\:=\:{\dfrac{100\:\times\:I}{R\:\times\:P}}}$

${ }$

• $\bigstar\:\sf{Amount\:=\:Principal\:+\:Interest}$

${ }$

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