Question

Find the Simple Interest at rupees 1000 for 3 years at the rate of 5%​

Answer 1

Step-by-step explanation:

Principal=P=₹1000

Time =T=3years

Rate of interest=R=5%

So simple interest=S=PRT/100

=1000×3×5/100=150

Thus, simple interest is ₹150.

hope you got it

Answer 2

Step-by-step explanation:

Simple interest can be calculated using the formula S.I. = ( P × R × T),

where P = Principal amount of loan,

R = Rate of interest per annum in %,

and, T = Time (in years)

As per the question,

P = Rs.1,000, R = 5% = 0.05, T = 3

⇒ S.I = 1000 × 5% × 3

⇒ S.I = 1000 × (5/100) × 3

⇒ S.I = Rs. 150