Question

Find simple interest on $2000 at 5% per annum for 3 years. Also, find the amount.

Answer 1

Answer:

GivEn: Principal, P = Rs. 2000. Rate = 5% Time = 3 years.

To find: Amount and Simple Interest?

SoluTion: We know that,

★ SI = P × R × T/100. ➟ 2000 × 5 × 3/100.

➟ Rs. 300. Therefore, Simple Interest is Rs. 300. ━━━━━━━━━━━━━━━━━━━━━━━━ ...

★ Amount = Principal + SI. ➟ 2000 + 300.

➟ Rs. 2300. Hence, Amount is Rs. 2300.

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Answer 2

Answer:

S.I. = 300

Amount = 2300

Step-by-step explanation:

S.I. = $\frac{PTR}{100}$

   = 2000*3*5/100

   =300

Amount = principal + simple interest

             = 2000 + 300

             =2300