Question

Find the simple interest on 570 for 2 years at 3% p. a. What is the amount ?​

Answer 1

Answer:

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Step-by-step explanation:

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Answer 2

Step-by-step explanation:

34.2 rupees is your answer

The formula for finding simple intrest is

$\frac{principle \times rate\% \times time }{100}$

According to Question

Rate of interest (R) = 3%

Time it is always taken in year (T) = ${2}$

Principal (P) = 570

According to the formulae

$\frac{570 \times 2 \times 3}{100} = 34.2 \: rupees$

So simple intrest = 10 rupees

Related formulas

Principal =

$\frac{intrest \times 100}{rate\% \times time \: period}$

Rate =

$\frac{intrest \times 100}{principal \times time}$

Time =

$\frac{intrest \times 100}{principal \times rate}$

Amount= Principal + Simple intrest