Question

find the simple interest and also calculate the amount of
p= 1500
t=2 years
r=5%per year

Answer 1

Answer:

• Simple interest = 150
• Amount = 1650

Explanation:

Given

• Principal money, P = 1500
• time for interest, t = 2 yrs
• Rate of interest, r = 5 % per year

To find

• Simple interest, SI =?
• Amount =?

Formulae required

• Formula to calculate SI

      SI = ( P · r · t ) / 100

• Formula to calculate Amount

     A = P + SI

[ Where SI = simple interest, P = principal, t = time of interest, r = rate of interest per year, A = Amount ]

Solution

Using formula

→ SI = ( P · r · t ) / 100

→ SI = [ (1500) · (5) · (2) ] / 100

→ SI = 150

Now, Using formula

→ A = SI + P

→ A = 150 + 1500

→ A = 1650

Therefore,

• Simple interest is equal to 150.
• and, Amount is equal to 1650.

Answer 2

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GIVEN→

$Principal\ money\ (P)$ = $1500$

$Time\ for\ interest\ (t)$ = $2 Years$

$Rate\ of\ interest\ (r)$ = 5% Per Year

TO FIND→

$Simple interest,\ (SI)$ =?

$Amount$ =?

Using formula:

$SI = ( P · r · t ) / 100$

$→ SI = [ (1500) · (5) · (2) ] / 100$

$→ SI = 150$

Again,

Using formula:

$A = SI + P$

$→ A = 150 + 1500$

$→ A = 1650$

. ' .

____SIMPLE INTEREST

➛ $150$

_____AND AMOUNT

➛$1650$