Question

Find the simple interest on 10,000 for 1 year 4 months at the rate of 72 %p.a.?​

Answer 1

Answer:

₹9,600

Step-by-step explanation:

T = 1 year 4 months = 1 4/12 = 1 1/3 = 4/3 years

Simple Interest = P x R x T/100

∴ 10000 x 72 x 4/100 x 3 = 100 x 24 x 4 (via simplification) = ₹9,600

Answer 2

Before, finding the answer. Let's find out on how we can find the answer.

• To find the Simple Interest, we must use the formula of :

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

• where, we have to multiply Principal, rate and time. Then, divide it by 100.

_________________________

Given :

• Principal = 10,000

To find :

• Simple Interest

Solution :

= 10000*72*4/3 whole by 100

= 100*72*4/3

= 100*24*4

= 100*96

= 9600