Find the simple interest if P=1028, T=1year, R=2%
Answers
Answered by
1
20.56 IS THE SIMPLE INTEREST
Step-by-step explanation:
simple interest= P×T×R/100
S.I= 1028×1×2/100
=2056/100
=20.56
Answered by
3
Before, finding the answer. Let's find out we can find the answer.
- In this question, we are asked to find the Simple Interest.
- So, in order to find the Simple Interest, we must use the formula of :
Here,
- P = Principal
- R = Rate
- T = Time
_____________________________
Given :
- Principal = 1028
- Rate = 2%
- Time = 1 year
To find :
- Simple Interest
Solution :
We know that,
[Because, 1028 × 2 = 2056]
Therefore, the Simple Interest is Rs. 20.56.
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