Find the simple Interest and Amount
Principal =₹5500
Rate=14% per annum
Time=3years
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Given :
✰ Principal = ₹5500
✰ Rate = 14%
✰ Time = 3years
To find :
✰ Simple interest and Amount.
Solution :
✰ In the question Principal, rate of intrerst and time is given. So, Firstly by using the formula of simple Interest P × R × T/100. And then By using the formula of Amount Principal + Simple Interest. we will get the Amount.
Where,
- Principal (P) = ₹5500
- Rate (R) = 14%
- Time (n) = 3 years
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