Question

find the simple interest on 7 42,000
for 7 years at 4 / per annum.​

Answer 1

Answer:

Simple interest = ₹2,07,760

Step-by-step explanation:

Given :

Principal = 7,42,000

Time = 7 years

Rate = 4%

To find :

The simple interest

Taken :

To find the simple interest use this formula -:

$\boxed{\sf{S.I.=\dfrac{P\times R\times T}{100}}}$

Where ,

S.I. = Simple interest

P = Principal

R = Rate

T = Time

Solution :

$:\implies\sf{S.I.=\dfrac{7,42,0\cancel{00}\times7\times4}{1\cancel{00}}}$

$:\implies\sf{S.I.=7,420\times7\times4}$

$:\implies\sf{S.I.=51940\times4}$

$:\implies\sf{S.I.=Rs.2,07,760}$

So , the simple interest is ₹2,07,760 .