Question

Calculate the simple interest on Rs. 300 for 4 years at 12% interest per annum. *​

Answer 1

Answer:

S.I= rs 144

Step-by-step explanation:

Given:-

P=rs 300

R=12%

T=4 years

S.I= P×R×T/100

300×12×4/100

14400/100=144

Hence S.I= rs 144

Answer 2

Answer:

Given :-

• A sum of Rs 300 for 4 years at 12% interest per annum.

To Find :-

• What is the simple interest.

Formula Used :-

$\sf\boxed{\bold{\large{S.I =\: \dfrac{P \times R \times T}{100}}}}$

where,

• S.I = Simple Interest
• P = Principal
• R = Rate of Interest
• T = Time

Solution :-

Given :

• Principal = Rs 300
• Rate of Interest = 12%
• Time = 4 years

According to the question by using the formula we get,

⇒ $\sf S.I =\: \dfrac{300 \times 12 \times 4}{100}$

⇒ $\sf S.I =\: \dfrac{14400}{100}$

⇒ $\sf S.I =\: \dfrac{\cancel{14400}}{\cancel{100}}$

➠ $\sf\bold{\red{S.I =\: Rs\: 144}}$

$\therefore$ The simple interest is Rs 144 .