Question

Find the Simple interest on Rs 28000 for 3 years at 6% per annum​

Answer 1

Solution:-

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$\large\to{\underbrace{\underline{\sf{Understanding\:the\:concept:-}}}}$

◍ Here, the question has given us the principal, rate of interest and time that is Rs 28,000, 6% per annum and for 3 years. Now, the question has asked us to find the simple intrest of it. So to get the answer we need to apply the formula of SI and we will get the interest.

ANSWER:-

◈ The simple interest on Rs 28000 for 3 years at 6% per annum will be Rs. 2,800.

GIVEN:-

☆ Principal = Rs. 28,000

☆ Rate of Interest = 6% per annum

☆ Time = 3 years

TO FIND:-

↠Simple Interest = ?

FORMULA:-

⬤ Simple Interest = P × R × T / 100

SOLVING BY APPLYING THE FORMULA:-

⇨ Principal = Rs. 28,000

⇨ Rate = 6%

⇨ Time = 3 years

⇨ Simple Interest = P × R × T / 100

➢ Simple Interest = 28,000 × 6 × 3 / 100

➢ Simple Interest = 28,000 × 18 / 100

➢ Simple Interest = 2,80,000 / 100

➢ Simple Interest = 2,80,000 / 100 = 2,800

➢ Simple Interest = Rs 2,800

Hence, we got the answer. The simple interest after 3 years will be Rs. 2,800.

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Answer 2

Correct Question-:

• Find the Simple interest on Rs 28000 for 3 years at 6% per annum.

AnswEr-:

• $\boxed{\blue{\sf{\large{\star{\sf{Simple \: Interest \:at\:the\:end\:of\:3\:year\:will\:be\: =Rs.5,040}}}}}}$

EXPLANATION-:

$\frak{Given \:\: -:} \begin{cases} \sf{Principal \:= \frak{Rs.28000}} & \\\\ \sf{Time \:=\:\frak{3\:years}} & \\\\ \sf{ Rate\: = \frak{6\%\:per\:annum}}\end{cases}$

$\frak{Given \:\: -:} \begin{cases} \sf{mThe\:Simple\:Interest\:or\:(S.I)}\end{cases}$

Solution-:

• $\boxed{\blue{\sf{\large{\star{\sf{Simple \: Interest \: = \frac{Principal × \:Rate\: ×\: Time}{100}}}}}}}$

$\frak{Here \:\: -:} \begin{cases} \sf{Principal \:= \frak{Rs.28000}} & \\\\ \sf{Time \:=\:\frak{3\:years}} & \\\\ \sf{ Rate\: = \frak{6\%\:per\:annum}}\end{cases}$

• $\implies {\large{\sf{ Simple \: Interest \: = \: \frac{28000 × \:6\: ×\: 3}{100}}}}$
• $\implies {\large{\sf{ Simple \: Interest \: = \: 280 × \:6\: ×\: 3}}}$
• $\implies {\large{\sf{ Simple \: Interest \: = \: 280 × \:6\: ×\: 3}}}$
• $\implies {\large{\sf{ Simple \: Interest \: = \: 1680 \:\: ×\: 3}}}$
• $\implies {\large{\sf{ Simple \: Interest \: = \: Rs.5,040}}}$

Hence ,

• $\boxed{\blue{\sf{\large{\star{\sf{Simple \: Interest \:at\:the\:end\:of\:3\:year\:will\:be\: =Rs.5,040}}}}}}$

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♤ More to know ♤

• $\boxed{\blue{\sf{\large{\star{\sf{Simple \: Interest \: = \frac{Principal × \:Rate\: ×\: Time}{100}}}}}}}$
• $\boxed{\blue{\sf{\large{\star{\sf{Amount\: = Principal \:+\:Simple \: Interest}}}}}}$

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