Question

If Principle = $500 Interest rate = 5% and Time = 5 years, what is the interest earned?

Answer 1

Answer:

Your answer:-

If Principle = $500 Interest rate = 5% and Time = 5 years, what is the interest earned?

P - Rs 500

R - 5%

T - 5 years

SI = p×t×r÷100

SI = 500 × 5×5/100

SI = Rs 125.

Hope it helps you

Answer 2

Given:

Principle = $ 500

Interest Rate = 5%

Time = 5 years.

To find:

Interest Earned

Solution:

The following is the formula to calculate the interest earned:

$SI = \dfrac{P \times R \times T}{100}$

where si = Simple Interest

p = principle

r = rate

t = time.

Principal, rate, and time are given in the question.

substitute the values in the formula:

$= > \dfrac{500 \times 5 \times 5}{100}$

$= > 5 \times 5 \times 5$

$= > 125$

Hence, the interest earned is $125.