Question

find the simple interest on Rs 4500 for 2 years at 6% per annum. find the amount after 2 years​

Answer 1

Before, finding the answer. Let's find out we can find the answer.

• In this question, we are asked to find the Simple Interest.
• So, to find the Simple Interest, we must use the formula of :

$\boxed{ \sf Simple \: Interest = \frac{P \times R \times T}{100} }$

• Now, to find the Amount, we must add the Simple Interest with the Principal.

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Given :

• Principal = Rs. 4500
• Rate = 6%
• Time = 2 years

To find :

• Simple Interest
• Amount

Solution :

We know that,

${ \hookrightarrow \sf Simple \: Interest = \dfrac{P \times R \times T}{100} }$

                           ${ = \sf \dfrac{4500 \times 6 \times 2}{100} }$

                           ${ = \sf \dfrac{4500 \times 18}{100} }$

                            ${ = \sf \dfrac{45 \not 0 \not 0 \times 18}{1 \not0 \not0} }$  

                            ${ = \sf \dfrac{45 \times 18}{1 } }$

                            ${ = \sf \dfrac{810}{1 } }$

                            ${ \sf = 810 }$

Therefore, Simple Interest is Rs. 810.

Now,

${ \hookrightarrow \sf Amount = Principal + Simple \: Interest }$

                 ${ \sf = 4500 + 810 }$

                 ${ \sf = 5310 }$

Therefore, the Amount is Rs. 5310.