Question

If principal =10000, Time = 3years, Rate =8% then what is the intrest?​

Answer 1

Answer:

$2400

Step-by-step explanation:

Principal = $10000

Time = 3years

Rate = 8%

Simple Interest = ??

$\sf{S.I. = \dfrac{P \times R \times T}{100} } \:$

Substituting known values in the formula

$\sf{ = \dfrac{10000 \times 8 \times 3}{100} }$

Cancelling 10000 by 100 to get 100

$\sf{ = 100 \times 8 \times 3}$

Multiplying 100 by 8 to get 800

$\sf{ = 800 \times 3}$

Multiplying 800 by 3 to get final answer

$\sf{Simple \: Interest=\ 2400.} \:$

Additional Information

A = P + I

P = A - I

I = A - P

I = P × R × T/100

P = 100 × I/P × T

T = 100 × I/P × R

A = P(1+ R×T/100)

Where,

• A denotes Amount
• P denotes Principal
• I denotes Simple Interest
• R denotes Rate of Interest
• T denotes Time.