If Principal = Rs 1200, Rate = 10% and Time = 5 years
Answers
Answer:
P=rs 1200
R=10 percent
T= 5 years
I= ?
A=?
I=PxRxT/100
I=1200x10x5/100
I=600
A=1200+600
A=1800
This is the answer
Step-by-step explanation:
Hope it will help you brother or sister
Question :-
If Principal = Rs 1200, Rate = 10% and Time = 5 years, then find the Simple Interest. Also find the Amount.
Answer :-
- The Simple Interest is Rs 600.
- The Amount is Rs 1800.
Given :-
- The Principal = Rs 1200.
- Rate = 10%.
- Time = 5 years.
To find :-
- The Simple Interest.
- The total Amount.
Step-by-step explanation :-
We know the Principal, Rate and the Time.
We are asked to find the Simple Interest.
Simple Interest can also be written as SI.
Therefore, we are going to use the formula given below to find the Simple Interest -:
Applying this formula, we get :-
Cut off the zeroes. We are left with :-
Now, we multiply all the remaining numbers.
So, the Simple Interest is Rs 600.
Now, for the Amount,
We will use the formula given below to find the amount.
Applying this formula, we get :-
So, the amount is Rs 1800.