Question

find the simple interest if principal is ₹5000 at 5% rate per annum for 5 years​

Answer 1

Answer :-

• The simple interest is Rs 1250.

Given :-

• Principal = Rs 5000.
• Rate = 5% per annum.
• Time = 5 years.

To find :-

• The Simple Interest.

Step-by-step explanation :-

• In this question, the principal, rate and time has been given to us. We have to find the simple interest.

Calculations :-

We know that :-

$\overline{\boxed{\sf SI = \dfrac{Principal \times Rate \times Time}{100}}}$

Here,

• Principal = Rs 5000.
• Rate = 5% per annum.
• Time = 5 years.

Substituting these values in the given formula,

$\tt SI = \dfrac{50 \!\!\!\not0 \!\!\!\not0 \times 5 \times 5}{1 \!\!\!\not0 \!\!\!\not0}$

Cutting off the zeroes,

$\tt SI = \dfrac{50 \times 5 \times 5}{1}$

Now let's multiply the remaining numbers.

$\tt SI = 50 \times 5 \times 5$

On multiplying them,

$\underline{\boxed{ \tt SI = 1250.}}$

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• Hence, the simple interest is Rs 1250.