Find the SI and amount when principle =Rs1000 Rate=7% per annum and time 4 years
nepu36:
find Si by using formula SI=Principal (p) ×Time(t) ×Rate (R)÷ 100 after finding SI . Amount =Principal +SI
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Principle(P)=1000
Time (T)= 4 yrs
Rate (R)=7%
SI=?
We know that,
SI= PTR÷100
= 1000× 4 × 7÷100
=280
Now,
Amount= Principal + Simple Interest
= 1000+ 280
= 1280
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