Question

Find the simple interest:
Principal = Rs. 10000
Rate =
12%
Time -
5 years​

Answer 1

$simple \: interest = \frac{p \times r \times t}{100}$

$= \frac{10000 \times 12 \times 5}{100} \\ = 100 \times 12 \times 5 \\ = 6000$

Answer 2

Given :-

• Principal (P) = Rs 10000
• Rate (R) = 12%
• Time (T) = 5 years

To Find :-

• Simple Interest

Solution :-

➞ Simple Interest = P × R × T / 100

➞ Simple Interest = 10000 × 12 × 5 / 100

➞ Simple Interest = 100 × 12 × 5

➞ Simple Interest = 100 × 60

➞ Simple Interest = Rs 6000

Thus Simple Interest = Rs 6000

_______________

★ Additional Info :

• Principal: The money which we deposit in or the lower from the bank or the money learned called the principal.
• Rate of interest: The interest paid on Rs, 100 for one year is called the rate per cent per year or rate per cent per annum.
• Time: The period of time for which the money is lent or invested.
• Interest: Additional money paid by the borrowed to the lender for using the money is called interest.
• Simple Interest: If the interest is calculated uniformly on the original principal throughout the lone period, it is called simple interest.
• Amount: The total money paid back to the lender is called the amount.

________________