Question

find the simple interest and the amount when
principal=rupees 7200
rate=7%p.a
time=5 months​

Answer 1

Step-by-step explanation:

Formula used :-

Simple interest = principal × rate × time / 100

Amount = principal + Interest

Given = > Principle = 7200 Rs

Rate = 7% p. a

Time = 5 months = 5/12 year

Simple interest = 7200×7×5/100 × 12

= 210 Rs

Amount = p+ I

= 7200+210 = 7410 RS