L.O Calculates the simple interest and solves practical problems related to it.
Q-5 Answer the following as directed.
1) Find the simple interest of ₹ 1000 kept for 2 years at 3 % rate of
interest.
2) Find the amount and interest of ₹ 5000 kept for 2 years at 7 % rate of
interest.
Answers
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1
Answer:
1)
here, p = 1000₹
r = 3%
n = 2 yeras
by the formula, we have,
S. I = p×r×n / 100
= 1000×3×2/100
= 60 ₹
2)
P = 5000₹
r = 7%
n = 2 years
by the formula above, we get,
S. I. = 5000×7×2/100
= 700 ₹
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