Question

Find the simple interest on a loan of Rs 15,000 at 8% p.a. for 4 years.​

Answer 1

Answer:

Solutions :-

Given :

Principle (p) = Rs 15000

Time (t) = 4 years

Rate (r) = 8% p.a.

Find the Simple Interest (S.I) :-

\begin{gathered} S.I = \frac{p \times r \times t}{100} \\ \\ \\=Rs \: (\frac{15000 \times 8 \times \times 4}{100} ) \\ \\ = \: Rs \: (\frac{480000}{100}) = Rs \: 4800 \end{gathered}

S.I=

100

p×r×t

=Rs(

100

15000×8××4

)

=Rs(

100

480000

)=Rs4800

Now,

Find the Amount (A) :-

\begin{gathered} A = S.I \: + p \\ \\ = Rs \: (4800 + 15000) \\ \\ = Rs \: 19800 \end{gathered}

A=S.I+p

=Rs(4800+15000)

=Rs19800

Hence,

The simple interest is Rs 4800

And the amount is Rs 19800