Question

find the simple on ₹500 for 3 years at 6 %​

Answer 1

Question :-

Find the simple interest on ₹500 for 3 years at 6% p.a.

Answer :-

Given :-

• Principal = ₹ 500
• Time = 3 years
• Rate of interest = 6% p.a.

To Find :-

• Simple interest

Solution :-

We know that,

Simple interest = P × R × T / 100

Here, we are given principal, time and rate of interest. So, by simple substituting the value in formula, we can find simple interest.

→ SI = 500 × 6 × 3 / 100

→ SI = 5 × 6 × 3

→ SI = 30 × 3

→ SI = 90

Simple interest = ₹90

Answer 2

Correct Question :-

• Find the simple interest on ₹500 for 2 years at 6% p.a.

Given :-

• Principal = ₹500
• Time = 3 years
• Rate of interest = 6 p.a.

To find :-

• Find the Simple interest ?

★ As we know that,

• Formula Used :

$\large\star$$\boxed{\bf{simple \: interest = \frac{p \: \times \: r \: \times \: t }{100}}}$$\large\star$

Solution :-

• We are given Principal , Time and Rate of interest. So, by simple substituting the value in the formula, we can find simple interest.

:$\implies$SI = $\large{\sf{500 \: \times \: 6 \: \times \: \frac{3}{100}}}$

$~~~~~$:$\implies$SI = 5 × 6 × 3

$~~~~~~~~~~$:$\implies$SI = 30 × 3

$~~~~~~~~~~~~~~~$:$\implies$$\large{\underline{\boxed{\pink{\frak{SI~=~90}}}}}$★

$\large\dag$ Hence,

• Simple Interest = $\large\underline{\rm{₹90}}$ $\large\green\checkmark$