Question

Find Amount (A) When Principle (P) is 30,000 and interest (l)is Rs. 5,000.​

Answer 1

Given :

• Principal = Rs 30,000
• Interest = Rs 5,000

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To find :

• Find the amount

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Solution :

• In the question Principal and interest is given and we have to find the amount By the formula

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Amount = P + S.I

➤ 30,000 + 5,000

➤ Rs 35000

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∴ Required Amount is Rs 35,000

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More Formulae :

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${ \boxed{ \sf{ \red{Amount = \: P \bigg(1 + \dfrac{Rate}{100} \bigg)ⁿᵗ}}}}$

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Where,

• P = Principal Amount
• R = Rate of Interest
• n = Number of time per year
• t = Number of years.

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Answer 2

gívєn

Principal - 30, 000

Interest - 5,000

fínd

Amount

ѕσlutíσn

Amount=Principal+Simple Interest

∴Amount=30,000+5,000

∴Amount=35,000

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mσrє tσ lєαrn

íntєrєѕt: Interest is extra money paid by instructions like banks or post offices on the money deposited (kept) with them. Interest is also paid by people when they borrow money.

hσw tσ cαlculαtє ѕímplє íntєrєѕt?

Suppose question is

• A sum of ₹10,000 is borrowed at a rate of interest 15% per annum for 2 years. Find the simple interest charged for 1 year is ₹15.

Solution:

On ₹100, interest charged for 1 year is ₹15

So,

On ₹10,000, interest charged=15/100×10000=₹1500

Interest for 2 years=₹1500×2=₹3000

Amount to be paid at the end of 2years=Principal+Interest

=₹10000+₹3000=₹13000