Question

p=1200
R=5%
N=2years

find the amount and simple intrest​

Answer 1

Given :-

• Principal = ₹1200.
• Rate per annum = 5%.
• Time = 2 years.

To Find :-

• Amount And Simple Interest.

Solution :-

Formula For Simple Interest :-

➨ S.I. = P × R × T/100.

➨ S.I. = 1200 × 5 × 2/100.

➨ S.I. = 12 × 5 × 2.

➨ S.I. = ₹120.

Now, Calculating Amount.

➨ Amount = Principal + Interest.

➨ Amount = 1200 + 120.

➨ Amount = ₹1320.

Therefore,

• Simple Interest = ₹120.

• Amount = ₹1320.