find simple interest on rupees 1000 at 6%p.a for 3 years
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Answers
Answered by
2
Answer:
Given, principle (P) = 1000 /-
Time (t) = 2 years.
Rate of interest (r) = 5 %
We know, simple interest =
100
P.t.r
∴S.I.=
100
100×2×5
=100/−
∴ Simple interest is Rs. 100
∴ option A is correct.
Answered by
44
Given :-
- Principal = Rs,1000
- Rate = 6%
- Time = 3 years
To Find :-
- Simple Interest
Solution :-
➞ Simple Interest = P × R × T ÷ 100
➞ Simple Interest = 1000 × 6 × 3 ÷ 100
➞ Simple Interest = 10 × 6 × 3
➞ Simple Interest = 10 × 18
➞ Simple Interest = Rs,180
Therefore, Simple Interest is Rs,180
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★ Additional Info :
- Principal: The money which we deposit in or the lower from the bank or the money learned called the principal.
- Rate of interest: The interest paid on Rs, 100 for one year is called the rate per cent per year or rate per cent per annum.
- Time: The period of time for which the money is lent or invested.
- Interest: Additional money paid by the borrowed to the lender for using the money is called interest.
- Simple Interest: If the interest is calculated uniformly on the original principal throughout the lone period, it is called simple interest.
- Amount: The total money paid back to the lender is called the amount.
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