Question

Find the interest to be paid at the end of one year on Rs.3250 at 6% per annum.
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Answer 1

• Interest is Rs.195 .

Step-by-step explanation:

Given:-

• Principal is Rs.3250 .
• Rate of interest is 6%.
• Time period is 1 year.

To find:-

• Interest.

Solution:-

We know that,

Simple interest = P×R×T/100

In which,

• P is principal
• R is Rate of interest
• t is Time period

• Time will be in years.
• Simple interested is a type of loan which is calculated by using principal, time and rate of interest by which any amount is taken.

Put P, R and t in formula

➝ 3250×6×1/100

➝ 19500/100

➝ 195

Therefore,

Interest is Rs.195.

Answer 2

Interest is Rs.195 .

Step-by-step explanation:

Given:-

Principal is Rs.3250 .

Rate of interest is 6%.

Time period is 1 year.

To find:-

Interest.

Solution:-

We know that,

Simple interest = P×R×T/100

In which,

P is principal

R is Rate of interest

t is Time period

Time will be in years.

Simple interested is a type of loan which is calculated by using principal, time and rate of interest by which any amount is taken.

Put P, R and t in formula

➝ 3250×6×1/100

➝ 19500/100

➝ 195

Therefore,

Interest is Rs.195.