Question

find interest and amount when principal is rupees 1000 and rate is 5% p.a. and time is 3 years​

Answer 1

Answer:

The simple interest of a loan for Rs.1,000 with 5 % interest after 3 years is Rs.150.

Step-by-step explanation:

Simple interest can be calculated using the formula S.I. = ( P × R × T),

where P = Principal amount of loan,

R = Rate of interest per annum in %,

and, T = Time (in years)

As per the question,

P = Rs.1,000, R = 5% = 0.05, T = 3

⇒ S.I = 1000 × 5% × 3

⇒ S.I = 1000 × (5/100) × 3

⇒ S.I = Rs. 150

Answer 2

Answer:

Amount In Simple Interest:

S.I=P×R×T = 1000×5×3 = 10×5×3 =150 = ₹150

100 100

Amount In Compound Interest

C.I = A-P , A=P×(1+R÷100)