Question

Find the simple interest
Principle - 12000
Time - 5 years
Rate - 6%​

Answer 1

➤ Given :-

Principle :- ₹ 12000

Time :- 5 years

Rate of interest :- 6%

➤ To Find :-

Simple Interest of the given sum.................

➤ Formula required :-

${\large \tt \dashrightarrow \orange{\boxed{\tt \gray{\dfrac{P \times R \times T}{100}}}}}$

➤ Solution :-

Simple Interest :-

${\tt \longrightarrow \dfrac{12000 \times 5 \times 6}{100}}$

${\tt \longrightarrow \dfrac{\cancel{12000} \times 5 \times 6}{\cancel{100}} = \boxed{\tt 120 \times 5 \times 6}}$

${\tt \longrightarrow 120 \times 30 = \boxed{\sf Rs \tt \: \: 3600}}$

$\Huge\therefore$ The simple interest of the given sum is ₹ 3600.

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$\dashrightarrow$ Some related formulas :-

Principle :- ${\boxed{\tt\dfrac{SI \times 100}{R \times T}}}$

Rate of interest :- ${\boxed{\tt\dfrac{SI \times 100}{P \times T}}}$

Time :- ${\boxed{\tt\dfrac{SI \times 100}{P \times R}}}$

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More to know..................

• Simple Interest is the extra amount to be given when a person borrows some money from a person or a bank. The person who gives money is called lender. The person who takes money is called borrower.
• Principal is the amount given at first from lender to borrower.
• Rate of interest is the extra amount to be given from borrower to lender. It is always written in percentage format.
• Time is given for the borrower to return back the given money with the given interest.