Question

find the simple interest on ₹700 for 3 years at 2%​

Answer 1

Answer:

Simple interest =42 rupees

Step-by-step explanation:

According to the information provided in the question it is given as

Principle amount =700

Year =3

percentage =2%

We need to find the  Sample interest  =SI

Simple interest is calculated with the following formula: S.I. = P × R × T, where P = Principal, R = Rate of Interest in % per annum, and T = Time, usually calculated as the number of years. The rate of interest is in percentage r% and is to be written as r/100.

$SI =\frac{p rt}{100}$

Now putting the values  we get

$SI =\frac{700\times 2\times 3}{100}$

converting to lowest term we get

(As both 700 and 100 are divisible by 100)

$SI =7\times 2\times 3\\SI =42$

Hence Simple interest amount is 42 rupees

Answer 2

Answer:

The Simple interest is Rs $42$

Step-by-step explanation:

In accordance with the information provided in the question,

 Given the data in question

P= $700$

R=$2%$%

T=$3$ years

Si?

We have find the value of simple interest

We know that formula $\frac{P\times R \times T}{100}$

P= principal

R= rate of interest

T=time

Putting the value in above formula

$\frac{700\times3\times2}{100} \\7\times3\times2\\21\times2\\42$

Hence the Simple interest is Rs $42$