Calculate the Simple Interest if the principal amount is Rs. 2000, the time period is 1 year and the rate is 10%. Also, calculate the total amount at the end of 1 year.
Answers
Answered by
15
Answer:
Given,
P = Rs.2000
R = 10%
T = 1 year
Find,
Total Amount
SOLUTION
According to the formula of simple interest we have,
S.I. = [(Principal (P) × Time (T) × Rate (r)) / 100]
So,
from the above values,
S.I. = [(2000 × 1 × 10)] / 100
=> Rs.20000/100
=> Rs.200
So,
the simple interest at the end of 1 year will be Rs. 200.
For the amount after 1 year,
A = P + S.I.
So, A = 2000+200 = 2200
Hence,
the total amount at the end of the given tenure (i.e. 1 year) will be Rs. 2200.
Answered by
1
Answer:
2200
Principal=2000
Rate=10℅
Time=1YEAR
SI=P×R×T
=2000×10×1/100
=200
AMOUNT=P+SI
=2000+200
=2200
hope it will be helpful for you
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