Question

jamin takes ₹10000 at 12 per year as rate of interest he has to pay at the end of two years?​

Answer 1

Answer:

₹11,664

Step-by-step explanation:

principal = ₹ 10,000

rate of interest = 12%

time = 2 yrs

amount = principal × ( 1 + R ÷ 100 ) ^ n

= 10,000 × ( 1 + 12 ÷ 100 )²

= 10,000 × ( 1 + 3 ÷ 25 )²

= 10,000 × ( 27 ÷ 25 )²

= 10,000 × 27 ÷ 25 × 27 ÷ 25

= ₹ 11,664

answer = ₹11,664

Answer 2

➤ Given :-

Principle :- ₹ 10000

Rate of interest :- 12%

Time :- 2 years

➤ To Find :-

Simple Interest of the given sum............

➤ Formula required :-

${\large \tt \dashrightarrow \orange{\boxed{\tt \gray{\dfrac{P \times R \times T}{100}}}}}$

➤ Solution :-

Simple Interest :-

${\tt \longrightarrow \dfrac{10000 \times 12 \times 2}{100}}$

${\tt \longrightarrow \dfrac{\cancel{10000} \times 12 \times 2}{\cancel{100}} = \boxed{\tt 100 \times 12 \times 2}}$

${\tt \longrightarrow 100 \times 24 = \boxed{\tt Rs \: \: 2400}}$

$\Huge\therefore$ The simple interest of the given sum is ₹ 2400.

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$\dashrightarrow$ Some related formulas :-

Principle :- ${\boxed{\tt\dfrac{SI \times 100}{R \times T}}}$

Rate of interest :- ${\boxed{\tt\dfrac{SI \times 100}{P \times T}}}$

Time :- ${\boxed{\tt\dfrac{SI \times 100}{P \times R}}}$

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More to know..................

• Simple Interest is the extra amount to be given when a person borrows some money from a person or a bank. The person who gives money is called lender. The person who takes money is called borrower.
• Principal is the amount given at first from lender to borrower.
• Rate of interest is the extra amount to be given from borrower to lender. It is always written in percentage format.
• Time is given for the borrower to return back the given money with the given interest.