Find the simple interest for 6000 Rs at 9% for 2 years
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Answer:
r = 9% p.a. Compute the simple interest as follows: Thus, the simple interest is Rs. 1080.
Step-by-step explanation:
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Given :
⬤ Principal (P) = Rs. 6000
⬤ Rate of Interest (R)= 9%
⬤ Time taken (T) = 2 years
To Find :
⬤ Simple Interest .
Formula Used :
Solution :
- Principal = Rs. 6000
- Rate = 9%
- Time = 2 years
- Simple Interest = ?
Now :
According to the Formula :
P × R × T/100
6000 × 9 × 2/100
60 × 9 × 2
1080
Therefore , The Simple Interest is Rs. 1080 .
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Related Formulas :
- Simple Interest = P × R × T/100
- Compound Interest = Amount - Principle
- Amount = P + S.I
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