Math, asked by manjucchengattu, 2 months ago

Find the simple interest if P=1028, T=1year, R=2%​

Answers

Answered by santoshidarade1222
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 Eutuxia
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 :

\boxed{ \bf Simple \: Interest = \dfrac{p \times r \times t}{100} }

Here,

  • P = Principal
  • R = Rate
  • T = Time

_____________________________

Given :

  • Principal = 1028
  • Rate = 2%
  • Time = 1 year

To find :

  • Simple Interest

Solution :

We know that,

{ \sf Simple \: Interest = \dfrac{p \times r \times t}{100} }

                      { \sf  = \dfrac{1028 \times 2 \times 1}{100} }

                      { \sf  = \dfrac{1028 \times 2}{100} }

                      { \sf  = \dfrac{2056}{100} }  [Because, 1028 × 2 = 2056]

                      { \sf  = 20.56} }

Therefore, the Simple Interest is Rs. 20.56.

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