Question

Find the amount is p.rs5000 at 10% p.a time 5years​

Answer 1

Answer:

Simple Interest (SI)

It is an easy and quick method of calculating an interest charge on a loan. Simple interest (S.I.) is determined by multiplying the principal (P) with rate of interest (R) and time period (T).

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

Example: Henry borrowed Rs. 5000 for 4 years at an interest rate of 5% from a bank. How much of interest is that?

We know,

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

Here P= Rs. 5000, R= 5%, T= 4 years

So,

I=\dfrac{5000 \times 5 \times 4}{100}=Rs. 1000

Ans: Henry has to pay Rs. 1000 as interest.