Question

find the simple interest on:
rupees 350 for 2 years at 11 percent per annum.

Answer 1

Answer:

Use this simple interest calculator to find A, the Final Investment Value, using the simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods. Where r is in decimal form; r=R/100; r and t are in the same units of time.

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Answer 2

SOLUTION:-

Given:

⚫Principal,(P)= Rs.350

⚫Time,(T)= 2 years

⚫Rate, (R)= 11%

We know that, Simple Interest;

Simple Interest is money we can earn by initially investing some money.

Formula:

$= > S.I. = \frac{P\times R\times T}{100} \\ \\ = > \frac{350 \times 11 \times 2}{1 00} \\ \\ = > \frac{35 \times 11}{5 } \\ \\ = > 7 \times 11 \\ \\ = > Rs.77$

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