Question

Madhu borrowed ₹ 200 at 12% simple interest for one year. How much interest will she pay at the end of one year
​

Answer 1

➤ Given :-

Principle :- ₹ 200

Rate of interest :- 12%

Time :- 1 year

➤ 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 :-

${\tt \longrightarrow \dfrac{200 \times 12 \times 1}{100}}$

${\tt \longrightarrow \dfrac{\cancel{200} \times 12 \times 1}{ \cancel{100}} = \boxed{\tt 2 \times 12 \times 1}}$

${\tt \longrightarrow 2 \times 12 = \boxed{\sf Rs \tt \: \: 24}}$

$\Huge\therefore$ The simple interest of the given sum ₹ 24.

━━━━━━━━━━━━━━━━━━━━━━━

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

━━━━━━━━━━━━━━━━━━━━━━━

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.