Question

find the simple interest for the amount of rupees 1000 at 4.5% pa for 1 year​

Answer 1

How to calculate simple interest?

Principal: The money which we deposit in or the lower from the bank or the money learned called the principal.

Rate of interest: The interest paid on $ 100 for one year is called the rate per cent per year or rate per cent per annum.

Time: The period of time for which the money is lent or invested.

Interest: Additional money paid by the borrowed to the lender for using the money is called interest.

Simple Interest: If the interest is calculated uniformly on the original principal throughout the lone period, it is called simple interest.

Amount: The total money paid back to the lender is called the amount.

Calculate Simple Interest

Answer 2

Answer:

S.I. = P×R×T/ 100 ( P = Priniple, R = Rate, T = Time )

S.I. = 1000×4.5×1/100

S.I. = rs. 45

ur answer is 45

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