Question

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

Answer 1

Answer:

si = p×r×t/100

1000× 2×3/100 =60

hence si = 60

2)

amount = p + si

si= prt/100

5000 ×2×7/100

=700

si = 700

now,

amount = p + si

= 5000+ 700

hence, amount=5700

Step-by-step explanation:

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Answer 2

Principal = Rs. 1000

Time = 2 years

Rate = 3% p.a.

We know ,

S.I. ( Simple interest ) = (P×T×R)/100

= (1000×2×3)/100

= 60