find the Simple interest and amount of 1250 for 5 years at.9%
Answers
Answer:
given:
The Given Money = Rs. 1250
For = 5 years
At the rate = 9% p.a
To find :
The Simple Interest and amount
Solution :
Here,
Principal (P) = Rs. 1250
Time (T) = 5 years
Rate of Interest (R) = 9%
The Simple Interest is Rs. 562.5
now, amount = simple interest + principle
= 562.5 +1250 = 1,812.5
∴ The Simple Interest is Rs. 562.5 and
amount = 1,812.5
Here we can see that principal , rate of interest and time for which principal is deposited is given and we have to find the Simple interest and amount which we can easily find by applying formula of Simple interest and to find amount we have to add interest in the principal.
Before finding simple interest, we should understand what simple interest actually is!
~Simple interest➠Simple interest is the interest which is calculated on the principal only.
So let's start!
GIVEN:
⊙ Principal=Rs.1250
⊙ Rate of interest=9%
⊙ Time=5 years p.a.
TO FIND:
⊙ Simple interest
⊙ Amount
SOLUTION:
▬▬▬▬▬▬▬▬▬▬
Hence the final answers are:-
- Simple interest=Rs.562.5
- Amount=Rs.1812.5