find the intrest and amount if principal is rs 5000 . time 4 years and rate is 6% per amount
Answers
Answer:
1st
year
Principal, P=Rs.5000
Time, T=1 year
Rate of interest ,R=6%
∴simple Interest, SI=
100
PTR
=
100
5000×10×6
=Rs.300
∴Amount=P+SI=Rs.5300
2nd year
Principal = Amount of 1st year=Rs.5300
Rate of interest =8%
Time =1 year
∴ Interest =
100
5300×1×8
=Rs.424
∴ Amount =Rs.(5300+424)=Rs.5724
The interest of 2nd year is the required compound interest. So, C.I=rs.424 and the required amount is Rs.5724
Answer :-
- The simple interest is Rs. 1200.
- The amount is Rs. 6200.
Step-by-step explanation:
To Find :-
- The Simple interest
- The amount
Solution:
Given that,
- Principal = Rs. 5000
- Time = 4 years
- Rate = 6% per annum
According the question,
- The Simple interest
As we know that,
Simple interest = ( P × R × T ) ÷ ( 100 )
Where,
- P = Principal
- R = Rate
- T = Time
=> ( P × R × T ) ÷ ( 100 )
=> ( 5000 × 6 × 4 ) ÷ 100
=> 50 × 6 × 4
=> 300 × 4
=> 1200
Therefore, The simple interest is Rs. 1200.
Now,
- The amount
As we know that,
Amount = Simple Interest + Principal,
=> Rs. 5000 + Rs. 1200
=> Rs. 6200
Therefore, The amount is Rs. 6200.