find the simple interest and the amount at simple interest of rupees 475 for 2 year 4 month at 4%
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Step-by-step explanation:
P= Rs.475
R= 4%p.a
T =2year and 4 month
= 2/3 years
S.I=(P×R×T)/100
=475×4×2/300
=12.67 RS
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Answered by
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Given:
- Principal, P= Rs.475
- Rate,R= 4%p.a
- Time, T=2year and 4 month= 2/3 years
To find out:
Find the simple interest and the amount
Formula used :
- S.I = (P×R×T)/100
- Amount = P + S.I
Solution:
Simple interest=(P×R×T)/100
=475×4×2/100×3
=475×8/300
= 3,800/300
= 12.66
Now,
Amount = Principal + Simple interest
= 475 + 12.66
=Rs.487.66
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