if rupees 9600 invested for three years and 12 months at 7 1 by 2% per annum simple interest find the interest and the amount.
Answers
Answered by
0
Answer:
rupees 9600 invested for three years and 12 months at 7 1 by 2% per annum simple interest
Step-by-step explanation:
Given:- P=Rs.9600,R=7
2
1
%p.a.=(15/2) and time=5months=(5/12)years
If interest is calculated uniformly on the original principal throughout the loan period, it is called simple interest.
SI=(P×R×T)/100
=(9600×(15/2)×(5/12))/100
=9600×(15/2)×(5/12)×(1/100)
=(9600×15×5×1)/(2×12×100)
=(96×15×5×1)/(2×12)
=(7200)/(24)
Rs.300
Amount=(principal+SI)
=(9600+300)
=Rs.9900
Similar questions