Question

Find the simple Interest and Amount if, Principal = Rs 10000 Rate = 18% p.a. Time = 7 years ​

Answer 1

Step-by-step explanation:

P=10,000, T=7,

r=18% =0.018

I=prt

=(10000)(0.018)7

=(70000)(0.018)

I=1,260

∴ Simple Interest =1260

Answer 2

Given:

• Principle =Rs.10000

• Rate =7 % per annum

• Time =7 years

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To find :

• The simple interest =?

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Formula :

$\\ \large\pink\bigstar\boxed{\boxed{\sf{Simple \: interest = \dfrac{P \times T \times R}{100}}}}$

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Solution:

$\\ \implies\sf{Simple \: interest =\dfrac{P \times T \times R}{100}}$

On substituting the values we get,

$\\ \implies \sf \: simple \: interest = \frac{10000 \times18 \times 7 }{100}$

$\\ \implies \sf \: simple \: interest = 100 \times 18 \times 7 \\ \\ \\ \implies \sf \: simplie \: interest = 1800 \times 7 \\ \\ \\ \implies \sf \: simple \: interest = 12600 \: rupees$

The simple interest will be 12600 rupees