if principal =Rs 8000, period =5 years,rate=7p.c.p.a find the simple intrest and amount
Answers
Answer:
P×R×T/100 =8000×7×5/100=2800ans
Given:
If principal = Rs 8000, period = 5 years, rate = 7 p.c.p.a
To find:
The simple interest and amount
Solution:
The sum of money, P = Rs. 8000
The rate of interest, R = 7 % p.a.
The no. of years, T = 5 years
We know,
By using the formula above, we get
The simple interest is,
=
=
=
and
The amount is,
=
=
Thus,
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