Question

Find the amount and the simple interest on rs. 2000 at 5% per annum for 3 years.

Answer 1

Answer:

S.i = amount ×rate×time

2000×5/100×3

So s.i= 300

Step-by-step explanation:

Answer 2

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.

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Now Finding Amount,

We know that,

★ Amount = Principal + SI

➟ 2000 + 300

➟ Rs. 2300

Hence, Amount is Rs. 2300.