Question

Find the simple Interest and Amount :

Principal is Rs 7000, Rate per annum is 10% and Time is 2 years?​

Answer 1

Answer:

S.I= Rs. 1,400

Amount = Rs. 8,400

Step-by-step explanation:

Principal (P)= Rs. 7000

Rate of interest (R)=10%p.a

Time (T)=2 yrs

S.I =?

S.I=P×T×R/100

= 7000×10×2/100

=70×10×2

=700×2

=1400

S.I=Rs. 1,400

Amount = Principal +Simple Interest

=7000+1400

= 8400

Amount = Rs. 8,400

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