Question

Find the simple interest on r.s.5000 at 10% for 3 years also find the amount.

Answer 1

Simple Interest =
(PNR) /100
P-Principle amount
N-No of years
R-Rate of Interest
(5000*3*10)/100
=1500

Answer 2

The answer to the following question is given below.

Step-by-step explanation:

Given:

Principal (p) = 5,000

Interest rate (r) = 10% = 10/100 = 0.1

Number of year (t) = 3 year

Simple interest = ?

Amount =?

Computation of Simple interest:

Simple interest = p×r×t

Simple interest = 5,000×0.1×3

Simple interest = 1,500

Computation of Amount:

Amount = Principal + Simple interest

Amount = 5,000 + 1,500

Amount = 6,500

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