Question

Find the simple interest and amount on:
500 for 2 years 4 months at 12% per annum;​

Answer 1

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Answer 2

$\huge{\bold{ Question:-}}$

Find the simple interest and amount on 500 for 2years. 4 months at 12% per annum ?

$\huge{\bold{ Formula used :-}}$

$SI\: = \frac{P \times R \times T}{100} , </h3><h3>Amount = P + SI\\ \\ {\purple{\boxed{\large{\bold{given}}}}} \\ \\ P = Rs500 \\ \\ T= 2 \: year \: 4months \\ = 2 \times \frac{4}{12} \\ = \frac{2}{3} \: years \\ \\ R = 5 \\ \\ \: SI= \frac{500 \times 2 \times 5}{100 \times 3} \\ \\ = \frac{25 \times 2}{3} \\ \\ = \frac{50}{3} \\ \\ {\purple{\boxed{\large{\bold{SI\: = Rs\: 16.667}}}}}$

Amount = 500 + 16.667

= Rs 516.667

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