Question

Find the interest paid on Rs 3000 at 10% per annum for a period of 4 years.​

Answer 1

Given :

⬤ Principal = Rs 3000

⬤ Rate of Interest = 10%

⬤ Time = 4 years .

To Find :

⬤ Simple Interest .

Formula Used :

$\bf[\:{Simple\:Interest=\dfrac{P\times{R}\times{T}}{100}\:]}$

• P = Principal
• R = Rate of Interest
• T = Time

Solution :

According to the Formula :-

P × R × T/100

3000 × 10 × 4/100

30 × 10 × 4

1200

Therefore , The Simple Interest is Rs .1200 .

Answer 2

Answer:

Principal = Rs 3000

Rate of Interest = 10%

Time = 4 years

Formula :

Simple interest = principal × rate of interest × time / 100

According to the Formula :-

principal × rate of interest × time / 100

$\frac{3000 \: \times 10 \: \times 4}{100}$

30 × 10 × 4

1200.

Answer = Therefore , The Simple Interest is Rs. 1200