Question

Find the simple interest on rupees 200 for 3 years at 6% annum is

Answer 1

GIVEN,

principal= ₹200, time= 3 years, rate of interest=6%

TO FIND,

Simple interest.

SOLUTION,

as we know,

$SI= \frac{P*R*T}{100}$

here SI= Simple interest

P= principal

R= rate of interest

T= given time period.

substituting given values in the formula,

$SI= \frac{200*6*3}{100} \\\\SI=\frac{3600}{100} \\\\SI=36$

HENCE THE SIMPLE INTEREST FORR THE GIVEN PRINCIPAL ₹200 IS ₹36.