Question

Find the simple interest on rupees 200 for one year at 10 percentage per annum

Answer 1

Step-by-step explanation:

• To calculate simple interest, use this formula:
• Principal x rate x time = interest.
• $100 x .05 x 1 = $5 simple interest for one year.
• $100 x .05 x 3 = $15 simple interest for three years.

Answer 2

Answer:

Formula to calculate Simple Interest?

If P denotes the principal ($), R denotes the rate (percentage p.a.) and T denotes time (years), then:-

S.I = (P × R × T)/100

R = (S.I × 100)/(P × T)

P = (S.I × 100)/(R × T)

T = (S.I × 100)/(P × R)

If the denotes the amount, then A = P + S.I