Question

find the simple interest on 5000 at 8% Per annum for 3 years​

Answer 1

Question :-

• Find the simple interest on Rs. 5000 at rate 8 % per annum for 3 years .

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Answer :-

• Simple Interest = Rs. 1,200 .

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Explanation :-

• Here, Principal is given Rs. 5000 . Rate of Interest is 8 % . Time period is 3 years . And, we have to calculate the Simple Interest .

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◆ Formula Required :-

• $\sf{Simple \: Interest = \frac{P \times R \times T}{10} }$

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◆ Here ,

• P denotes to Principal .
• R denotes to Rate of Interest .
• T denotes to Time period .

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∴ By substituting the given values :-

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$\Longrightarrow \: \sf{Simple \: lnterest = \frac{P \times R \times T}{100} }$

$\Longrightarrow \: \sf{Simple \: Interest = \frac{5000 \times 8 \times 3}{100} }$

$\Longrightarrow \: \sf{ Simple \: Interest = \frac{50 \times 8 \times 3}{1} }$

$\Longrightarrow \: \sf{Simple \: Interest = 50 \times 8 \times 3}$

$\Longrightarrow \: \sf{Simple \: Interest = 400 \times 3}$

$\Longrightarrow \: \sf{Simple \: Interest = Rs. \: 1200}$

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Hence :-

• Simple Interest = Rs. 1200 .

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Answer 2

To find : simple interest

Given :  Principal amount = $5000$   Rate = $8 \%$  Time = $3$ years

Solution :

• We know that , the simple Interest of an amount is calculated by multiplying the interest rate by the principal amount and the time period.
• SI Formula :   $S.I = \frac{P\times R\times T}{100}$
• So, putting the value in formula. we get,
• $S.I = \frac{5000\times 8 \times 3}{100}$

              $= 50\times 8 \times 3\\= 1200$

Hence, S.I will be $1200$ .