Question

find the simple interest and amount for principle Rs. 7000 at a rate of 10 % pa for 2 years​

Answer 1

Step-by-step explanation:

Simple Interest =principle ×pcpa×number of years

$= 7000 \times 10 \times 2 \div 100 \\ = 70 \times 10 \times 2 \\ = 700 \times 2 \\ = 1400$

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Answer 2

Given,

Principle Rs. 7000 at a rate of 10 % pa for 2 years​.

To Find,

The simple interest and amount

Solution,

We can solve the question as follows:

It is given that we have to find the simple interest and amount for principle Rs. 7000 at a rate of 10 % pa for 2 years​.

$Principal\: amount = Rs.\: 7000$

$Rate = 10$%

$Time = 2\: years$

First, we will find the simple interest.

The formula for finding the simple interest is given as:

$Simple\: interest = \frac{Principal*Rate*Time}{100}$

Substituting the given values in the above formula,

$Simple\: interest = \frac{7000*10*2}{100}$

                         $= 70*10*2$

                         $= Rs.\: 1400$

Now,

The final amount is equal to the sum of the principal amount and the simple interest.

$Final\: amount = Principal\: amount + Simple\: interest$

                       $= 7000 + 1400$

                       $=Rs.\: 8400$

Hence, the simple interest and amount are equal to Rs. 1400 and Rs. 8400 respectively.