Question

Mr. Prakash took a loan of Rs. 16,000 from Mr. Suresh for 3 years at 10% per annum
on simple interest. Calculate the simple interest and amount.​

Answer 1

Solution

Given :-

• p = Rs 16,000
• T = 3 years
• R = 10%

Find :-

• S.I. = ?
• Amount (A) = ?

Explanation

Using Formula

★ S.I. = ( P × R × T)/100

★ Amount (A) = P + S.I.

First Calculate S.I.

==> S.I. = (P × R × T)/100

keep all above Values

==> S.I. = ( 16,000 × 3 × 10)/100

==> S.I. = 1600 × 3

==> S.I. = Rs 4800

Now, calculate Amount

==> Amount = P + S.I.

==> Amount = 16,000 + 4800

==> Amount = 20, 800

Hence

• S.I. Will be = Rs. 4,800
• Amount will be = Rs. 20,800

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Answer 2

Step-by-step explanation:

Solution

Given:-

• P= Rs 16,000
• T= 3 Years
• R= 10 %

Find:-

• S.I=?

• Amount (A)=?

Explanation:-

$\sf \blue{using \: formula}$

★ S.I = ( P ×R × T) /100

★Amount ( A ) = P + S.I

First Calculate S.I

===> S.I = ( P× R × T )/ 100

Keep All Above Values

===> S.I = ( 16,000 ×3× 10 )/100

===> S.I = 1600× 3

===> S.I = Rs 4800

Now Calculate Amount

===> Amount = P + S.I

===> Amount = 16,000 + 4800

===> Amount =20,800

Hence

• S.I will be = Rs 4,800

• Amount Will be = Rs 20,800

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