Question

Find the simple interest on rupees 2500 for 2 years at 6% per annum also find the amount

Answer 1

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Given:-

ミPrincipal = Rs.2500,

ミTime = 2years,

ミRate = 6%

(We need to find Simple Interest. So,)

ミS.I = P×R×T/100

$= > \frac{2500 \times6 \times 2 }{100} \\ = > 25 \times 12 \\ = > 300$

When, S.I = Rs.300

Then, Amount = (Principal + S.I)

$= > 2500 + 300 \\ = > 2800$

Ans:- S.I = Rs.300 and Amount = Rs.2,800