Find the simple interest and amount on a principal of ₹3500 for 5 years at the rate of 6% per annum.
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Answered by
2
Answer:
hlo mate here is your answer
formula
- principal × rate of interest × time.
3500 × 6% × 5 = 105,000
3500 is principal
6% is rate of interest
5 is time
multiply the
Answered by
0
Answer:
Well first take the principal which is 3500rs
the time period is 5 years
the rate is 6% or 6/100
the equation of simple interest is P×R×T the whole divided by 100.
So
its 3500 ×6×5/100
cut off the zeroes in 3500 and 100
=35×6×5/1
=35×30/1
=1050/1
therefore the interest is 1050 rupees
the amount is the interest added to the principal which is 1050 +3500
=4550 rupees
hope it helps u
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