find the simple interest on the sum of rs. 6000 at 10%p.a for 3years
Answers
Answer:
simple interest= p×r
t
= 6000×10
100×3
= 200
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The amount of simple interest is Rs. 1800
Given : The sum of rs. 6000 at 10%p.a for 3years
To find : The amount of simple interest.
Solution :
We can simply solve this mathematical problem by using the following mathematical process. (our goal is to calculate the simple interest)
Here, we will be using the mathematical formula for calculating the simple interest. Which is :
Simple interest = (P × r × t)/100
Where,
- P = Principal amount
- r = Interest rate
- t = Time
In this case,
- P = Rs. 6000
- r = 10% (p.a)
- t = 3 years
By, putting the given values in the above mentioned mathematical formula, we get :
Simple interest = (6000 × 10 × 3)/100 = Rs. 1800
(This will be considered as the final result.)
Hence, the amount of simple interest is Rs. 1800