Question

Find simple interest and amount
P=ruppes 9275
T= 2 years
R=15upon 2% p.a

Answer 1

Given:-

P = Rs. 9275

T = 2 Years

R = 2% p.a

To Find:-

Simple Interest

Here,

P = principal

T = Time

R = Rate

S.I. = Simple Interest

Solution:-

We know that,

S.I. = $\dfrac{P \times R\times T}{100}$

$S.I. = \dfrac{9275 \times 2 \times 2}{100}$

Simple Interest = Rs.371

Now, To Find:-

Amount

We know that,

Amount = Principal + Simple Interest .

here,

Principal = Rs.9275

Simple Interest = Rs.371

So, By the question

Amount = 9275 + 371

= 9646

Required Answer

Simple Interest = Rs.371

Amount = Rs.9646

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Some important concepts

What is principal??

The money borrowed or lent out for a certain period of time is called "principal" or "sum".

What is amount??

The total money paid back by the borrower to the lender is called the "amount".

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