Question

) Find the interest and amount on Rs- 1200 at the rate of 4.5℅ simple interest for years

Answer 1

Given: Principal=1200₹

Time=1 year

Rate of interest=4.5%

To find: Interest=?,Amount=?

Solution:By using simple interest formula,

I=P×R×T/100

:.I=1200×4.5×1/100

:.I=12×4.5

:.I=54.0₹

Amount=Principal+interest

=1200+54

=1254₹

The interest is 54₹ and the amount js 1254₹

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