find the amount received after 150 days on Rs 2,50,000 at 10% p.a SI
Answers
Answer:
example :
A person deposits Rs 25000 in a firm who pays an interest at the rate of 20% per annum. Calculate the income he gets from it annually.
Solution:
Given Principal amount P = Rs 25000
Time period T = 1 year
Rate of interest R = 20% p.a.
We know that simple interest = (P × T × R)/100
On substituting these values in above equation we get
SI = (25000 × 1 × 20)/100
= Rs 5000
example 2 :
1. Find the simple interest, when:
(i) Principal = Rs 2000, Rate of Interest = 5% per annum and Time = 5 years.
(ii) Principal = Rs 500, Rate of Interest = 12.5% per annum and Time = 4 years.
Solution:
(i) Given Principal = Rs 2000, Rate of Interest = 5% per annum and Time = 5 years.
We know that simple interest = (P × T × R)/100
On substituting these values in above equation we get
SI = (2000 × 5 × 5)/100
= Rs 500
(ii) Given Principal = Rs 500, Rate of Interest = 12.5% per annum and Time = 4 years.
We know that simple interest = (P × T × R)/100
On substituting these values in above equation we get
SI = (500 × 4 × 12.5)/100
= Rs 250