Question

EXERCISE A
1. What is the simple interest on Rs. 1,200 at an annual rate of 5 % for 5 years? Find the amount
2
also.​

Answer 1

Answer:

Rate of interest: The interest paid on Rs.100 for one. ... (d) $ 1200 from 9ᵗʰ April to 21ˢᵗ June at 10% per annum. ... S.I. for 3 years = Amount after 5 years – Amount after 2 years

Answer 2

P = ₹1,200

R = 5% pa

T = 5 yr

SI = PRT/100

=> SI = 1200 × 5 × 5/100

=> SI = 300

A = P + SI

=> A = ₹1,200 + ₹300

=> A = ₹1,500

Therefore , Simple interest on ₹1200 at the rate of 5% p.a. for 5 years is ₹300 , which amounts to ₹1500 .