Question

Pls help me in this question. :(

Answer 1

Question :-

● Find the Simple Interest and Amount when :-

• Principal = Rs. 1500
• Rate of Interest = 12 %
• Time Period = 3 years 3 months .

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Answer :-

• Simple Interest = Rs. 585
• Amount = Rs. 2085

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Explanation :-

• Here, Principal is given Rs. 1500 . Rate of Interest is 12 % . Time Period is ( 13/4 ) . And, we have to calculate the Simple Interest and Amount .

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● First, we will find Simple Interest :-

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$\Longrightarrow \: \sf{Simple \: Interest = \frac{P \times R \times T}{100} }$

$\Longrightarrow \: \sf{Simple \: Interest = \frac{1500 \times 12 \times 13}{4 \times 100} }$

$\Longrightarrow \: \sf{Simple \: Interest = \frac{15 \times 3 \times 13}{1 \times 1} }$

$\Longrightarrow \: \sf{Simple \: Interest = 15 \times 3 \times 13}$

$\Longrightarrow \: \sf{Simple \: Interest = Rs. \: 585}$

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● Now, we will calculate the Amount :-

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$\Longrightarrow \: \sf{ Amount = Principal + Simple \: Interest}$

$\Longrightarrow \: \sf{Amount = 1500 + 585}$

$\Longrightarrow \: \sf{Amount = Rs. \: 2085}$

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Hence :-

• Value of Simple Interest = Rs. 585 .
• Value of Amount = Rs. 2085 .

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$\begin{gathered}\begin{gathered}\boxed{\begin{array}{c} \\ \underline{ { \pmb {\sf \red{ \dag \: \: More \: Formulas \: \: \dag}}}} \\ \\ \\ \footnotesize \bigstar \: \sf{Simple \: Interest = \large \frac{Principal \: \times \: Rate \: \times \: Time}{100} } \\ \\ \\ \footnotesize \bigstar \: \sf{Principal = \large\frac{100 \: \times \: Simple\: Interest }{Rate \: \times \: Time} } \\ \\ \\ \footnotesize\bigstar \: \sf{Rate = \large \: \frac{100 \: \times \: Simple\: Interest}{Principal \: \times \: Time} } \\ \\ \\ \footnotesize \bigstar \: \sf{Time = \large \: \frac{100 \: \times \: Simple\: Interest}{Principal \: \times \: Rate} } \\ \\ \\ \footnotesize \bigstar \: \sf{Amount = Principal \: + Simple\:Interest}\end{array}}\end{gathered}\end{gathered}$