Question

Find the S.I for RS.1000 for 3 years at the rate of 5%​

Answer 1

Answer:

Given :-

• A sum of money is Rs 1000 for 3 years at the rate of 5% per annum.

To Find :-

• What is the simple interest or S.I.

Formula Used :-

$\clubsuit$ Simple Interest or S.I Formula :

$\mapsto \sf\boxed{\bold{\pink{S.I =\: \dfrac{Prt}{100}}}}$

where,

• S.I = Simple Interest
• P = Principal
• r = Rate of Interest
• t = Time

Solution :-

Given :

• Principal (P) = Rs 1000
• Rate of Interest (r%) = 5% p.a
• Time (t) = 3 years

According to the question by using the formula we get,

$\longrightarrow \sf S.I =\: \dfrac{1000 \times 5 \times 3}{100}$

$\longrightarrow \sf S.I =\: \dfrac{1000 \times 15}{100}$

$\longrightarrow \sf S.I =\: \dfrac{15000}{100}$

$\longrightarrow \sf\bold{\red{S.I =\: Rs\: 150}}$

${\small{\bold{\underline{\therefore\: The\: simple\: interest\: is\: Rs\: 150\: .}}}}$

Answer 2

Answer:

S.I. =PRT/100

• 1000×5×3/100
• 15000/100
• 150

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