if the interest of a principal in 8 years at the rate of 7½ % simple interest be rs 3600 then in how many years by the same money the interest will be a same at 6% simple interest per annum
Answers
Answer:
How to calculate simple interest?
Principal: The money which we deposit in or the lower from the bank or the money learned called the principal.
Rate of interest: The interest paid on $ 100 for one year is called the rate per cent per year or rate per cent per annum.
Time: The period of time for which the money is lent or invested.
Interest: Additional money paid by the borrowed to the lender for using the money is called interest.
Simple Interest: If the interest is calculated uniformly on the original principal throughout the lone period, it is called simple interest.
Amount: The total money paid back to the lender is called the amount.
Calculate Simple Interest
Formula to calculate Simple Interest?
If P denotes the principal ($), R denotes the rate (percentage p.a.) and T denotes time (years), then:-
S.I = (P × R × T)/100
R = (S.I × 100)/(P × T)
P = (S.I × 100)/(R × T)
T = (S.I × 100)/(P × R)
If the denotes the amount, then A = P + S.I
Note:
● When we calculated the time period between two dates, we do not could the day on which money is deposited but we count the day on which money is retuned.
● Time is always taken according to the per cent rat.
● For converting time in days into years, divide th number of days by 365 (for ordering or lap year.)
● For converting time in month into years, divide th number of month by 12 (for ordering or lap year.)
Answer:
7500rs
Step-by-step explanation:
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