Question

Find the simple interest of ₹ 1000 kept for 2 years at 3 % rate of
interest.

Answer 1

❉Given:-

• Principal = ₹1000
• Time = 2 years
• Rate of Interest = 3%

❂To Find:-

• Simple Intrest.

❃Required Response:-

$\boxed{\sf{Simple\; Intrest = \frac{Principal{\times}Time{\times}Rate}{100}}}$

$\boxed{\sf{Simple\; Intrest = \frac{PTR}{100}}}$

$\frac{(1000 \times 2 \times 3)}{100} \\ 10 \times 6 \\ 60$

Simple Intrest

• $\longmapsto\;{\red{\bold{₹60}}}$

$\tt{@MrMonarque}$

Hope It Helps You ✌️

Answer 2

$\huge\bf{Question}$

1. Find the simple interest of ₹ 1000 for 2 years at 3% rate of interest

$\huge\bf{To \: find,}$

• The Simple Interest (S.I)

$\huge\bf{Given \: as}$

Principal = ₹1000

Time = 2 years

Rate of Interest = 3%

Let,

Principal be P

Time be T

Rate of Interest R

Formula,

$\bf{S.I \: = \dfrac{P \times T \times R}{100}}$

$\huge\bf{Solution}$

$\bf{S.I \: = \dfrac{1000 \times 2 \times 3}{100}}$

S.I = 10 × 2 × 3

S.I = ₹60

=> Therefore, ₹60 is the Simple Interest