Question

Find the simple interest and amount for each of the following -
(i)
Principle - Rs. 2700
Rate of interest 4%
Time 10/3 years ​

Answer 1

$\underline\red{\bold{✓ANSWER}}$

• The simple interest = Rs 360

_________________________________

$\underline\red{\bold{✓GIVEN}}$

• Principle (p) = Rs 2700

• Rate (r) = 4%

• Time(t) = 10/3 years

$\underline\red{\bold{✓FORMULA}}$

• The simple interest

$sp \: = \frac{p \times t \times r}{100}$

where,

p = principle

t = Time

r = rate

$\underline\red{\bold{✓SOLUTION}}$

• The simple interest =

$\frac{\cancel2\cancel70\cancel0 \times 1\cancel0 \times 4}{1\cancel0\cancel0 \times \cancel3} \\ \implies 90 \times 4 = 360$

• The simple interest = Rs 360

$\blue{\texttt{YOUR ANSWER}}$

• The simple interest = Rs 360

Answer 2

Answer:

Principal (P) = ₹2700

Rate (R) = 4%

Time (T) = 10/3 years

Simple Interest (SI) = PRT/100

=> SI = 2700 × 4 × 10/300

=> SI = ₹360

Amount (A) = P + SI = ₹2700 + ₹360 = ₹3060