Question

p=1000, r=5%, t=5 years find amount at simple intrest​

Answer 1

Question -:

Find the Simple Interest and Amount when the Principal is Rs 1000, Rate is 5% per annum and Time is 5 years.

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Given -:

Principal = Rs 1000.

Rate = 5% per annum.

Time = 5 years.

To find -:

Simple Interest.

Formula -:

Simple Interest = $\frac{p \times r \times t}{100}$

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Simple Interest -:

$\frac{rs \: 1000 \: \times \: 5\% \: \times \: 5}{100} = rs \: 250$

So, the Simple Interest is Rs 250.

Amount -:

Amount = Principal + Simple Interest.

So,

Rs 1000 + Rs 250 = Rs 1250.

Hope it helps! :)