Question

Find the simple interest and amount on rs.5000 at 10% per annum for 5 years

Answer 1

Hey dear....
Find your answer in the attachment...

Answer 2

Given,

Principal P = 5000rs

Rate Of Interest R = 10%

Time Period T = 5

To Find,

Simple interest and amount

Solution,

Given

Principal amount P = 5000rs

Interest Rate R = 10%

Period Of Time T = 5

Simple Interest SI = P×R×T

Here, the interest rate is given in percentage

so,
Simple Interest SI = $\frac{P*R*T}{100}$

  $\frac{5000* 10 * 5}{100}$    =$\frac{250000}{100}$

          SI = 2500

Amount A = P + SI

P = 5000

SI = 2500

A = 5000+2500

= 7500rs.

Simple interest of 5000rs at 10% for 5 years is 2500rs and the amount is 7500rs.