Question

Find the simple interest at the rate of 5% P.a.for three years on that principle which in four years and eight months at the rate of 5% P.a.yes Rs.1400 as simple interest

Answer 1

Answer:

Step-by-step explanation:

→ SI = Rs.1400

→ T = 4 Years 8 months = 4 + (8/12) = 4 + (2/3) = (14/3) years.

→ R = 5 %

→ P = (SI * 100) / ( R * T)

→ P = (1400 * 100) / [5 * (14/3) ]

→ P = (1400 * 100 * 3 ) / ( 5 * 14 )

→ P = 100 * 20 * 3

→ P = Rs.6000 .

Now,

→ P = Rs.6000

→ R = 5%

→ Time = 3 Years.

→ SI = (P * R * T) / 100

→ SI = (6000 * 5 * 3) / 100

→ SI = 60 * 5 * 3

→ SI = Rs.900. (Ans.)

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