Question

Find the simple interest on rs 4500 at 8% per annum for 2 years also find the amount

Answer 1

Given:

Principle = Rs. 4500.

Rate = 8% per annum.

Time = 2 years.

To Find:

The simple interest.

The amount.

Solution:

We know that,

Simple interest =  PTR/100

We have,

P = Rs. 4500.

R = 8% per annum.

T = 2 years.

Now, substitute all the given values in the formula of simple interest.

SI = (4500 × 8 × 2) / 100

The simple interest is Rs. 720.

Now, we have to find the amount.

Amount = Principle (P) + Simple interest (S.I.)

We have,

A = 4500 + 720

Simple interest = Rs. 720.

Principle = Rs. 4500.

The amount is Rs. 5220.

Hence,

The simple interest is Rs. 720 and the amount is Rs. 5220.

Answer 2

Answer:

Step-by-step explanation:

SI= PRT/100

p= principle (amount)

r= rate

t= time ( number of years)

SI= 4500x8x2/100

SI= Rs. 720

I hope this helped