Find the simple Interest and Amount :
Principal is Rs 7000, Rate per annum is 10% and Time is 2 years?
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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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