Question

Find the interest and the amount received on rupees 3000 for 2 years at the rate of 11% p. a.

Answer 1

Simple Interest = (Principal × Rate × Time)/100

⇒ Simple Interest = (3000 × 11 × 2)/100

⇒ Simple Interest = (30 × 11 × 2)/1

⇒ Simple Interest = 30 × 11 × 2

⇒ Simple Interest = 330 × 2

⇒ Simple Interest = 660

Amount = Simple Interest + Principal

⇒ Amount = 660 + Principal

⇒ Amount = 660 + 3000

⇒ Amount = 3660

Answer 2

Answer:

S.I = 660

AMOUNT = 3660

explanation

P = 3000

R = 11

T = 2

S.I = P×R×T/100

S.I = 660

AMOUNT= PRINCIPAL S.I

AMOUNT= 3000 + 660

AMOUNT = 3660

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