Question

Find the Simple Interest and amount when Principal =₹ 9600 ,rate =8% p.a. and time = 3 Years.

Answer 1

Step-by-step explanation:

PTR /100

9600×3×8/100

2304

Answer 2

$\huge\rm\underline\purple{Question :-}$

Find the Simple Interest and amount when Principal =₹ 9600 ,rate =8% p.a. and time = 3 Years.

$\huge\rm\underline\purple{Solution :-}$

$\boxed{ \sf \green{ Given, }}$

• Principal = 9600
• Rate = 8%
• Time = 3 years = $\frac{3}{12}$

$\boxed{ \sf \red{ To\: find, }}$

• Interest = ❓
• Amount = ❓

✏ To find simple Interest :

✏ We use the formula,

$\boxed{ \sf \green{ Simple\: interest= \frac{P×R×T}{100}}}$

Where,

$\blue{\underline\bold{P=\: principal}}$

$\orange{\underline\bold{R= \:rate}}$

$\pink{\underline\bold{T=\: time}}$

$\purple{\underline\bold{Now,}}$

⇒Simple Interest = $\frac{9600×8×3}{100×12}$

⇒Simple Interest = 192

$\blue{\underline\bold{Again,\:we\:know:}}$

$\boxed{ \sf \green{ Amount=\:principal\:+simple\:interest}}$

⇒Amount = 9600 + 192

⇒Amount = 9792

$\pink{\underline\bold{ ∴ \:Simple\:interest=\:192\:and\:amount=\: 9792.}}$

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━