Question

find the simple interest if principal = 3000, rate of interest =10% and time = 1 year​

Answer 1

Answer:

Rs. 300

Step-by-step explanation:

Principal = Rs. 3000

Rate = 10%

Time = 1 year

Simple interest = PRT/100

SI = (3000 × 10 × 1) /100

SI = 30 × 10

SI = Rs. 300

Answer 2

Given :-

• Principal = Rs 3000
• Rate = 10%
• Time = 1 year

To Find :-

• Simple Interest

Solution :-

➞ Simple Interest = P × R × T / 100

➞ Simple Interest = 3000 × 10 × 1 / 100

➞ Simple Interest = 30 × 10 × 1

➞ Simple Interest = 30 × 10

➞ Simple Interest = Rs 300

Thus Simple Interest is Rs 300

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★ Additional Info :

• 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 Rs, 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.

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