find the amount case in which principal is rs2400, time is 7 years and interest rate is 6.5%
Answers
Given that,
P=2400
T=7
R=6.5
SI(Simple Interest)= PRT/100
=2400*6.5*7 /100
=1,09,200 Rs
Therefore, Amount = SI+P
=1,09.200+2400
=1,11,600 Rs.
Correct Question:-
find the amount case in which principal is rs2400, time is 7 years and interest rate is 6.5%
Solution:-
P = Rs.2400.
T = 7 years.
R = 6.5%
Hence, S.I = Rs.1092
Amount = Principal + interest
= Rs.2400+ Rs1092.
= Rs. 3492.
☆Additional Information ☆
Definations :
Principal - The total amount invested is known as the principal .
Interest - The rate we earn from the principal we invested is known as interest.
Time - Particular time for the investment is known as time here.
Formulas :
2. Amount = Principal + interest.
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