Question

Plz answer the above question​

Answer 1

Answer:

interest=principle value×rate×time/100

interest=470×4×7/100

=1880×7/100

=13160/100

=131.60

so interest=$131.60

hope it helps you..

Answer 2

Before, finding the answer. Let's find out on how we can find the answer.

• To find the answer, we must use the formula of

$\sf Simple\: Interest = \dfrac{p \times r \times t}{100}$

Where,

P = Principal

R = Rate

T = Time

_________________________

Given :

• Principal = $470
• Rate = 4%
• Time = 7 years

To find :

Simple Interest

Solution :

$\sf \: Simple \: Interest = \dfrac{p \times r \times t}{100}$

$\sf \: = \dfrac{470 \times 4 \times 7}{100}$

$\sf = \dfrac{13160}{100}$

$\sf = 131.6$

Hence, Simple Interest is $ 131.6.

Know more :

• Simple Interest =

The way of calculating interest where principal is not charged is known as Simple Interest.