Question

principal = ₹ 1500 , rate = 12% p.a. and time = 3 years 3 months find simple interest and amount​

Answer 1

Answer:

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Step-by-step explanation:

S.I = PRT / 100

S.I = 1500 X 12 X 3 /100

S.I = 15 X 12 X 3

S.I =540

Now , Amount = P + I

A = 1500 + 540

A = Rs 2040

HENCE , S.I = Rs 540

A = Rs 2040

Answer 2

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Given: –

P = ₹ 1500,

R = 12% p.a. and Time = 3 years 3 months

We know that, 1 year = 12 months

∴ 3 years 3 months = (39/12) = (13/4)

If interest is calculated uniformly on the original principal throughout the loan period, it is called simple interest.

SI = (P × R × T)/100 =

(1500 × 12 × (13/4))/ 100

= 1500 × 12 × (13/4) × (1/100)

= (1500 × 12 × 13 × 1)/ (4 × 100)

= (15 × 3 × 13 × 1)/ (1 × 1)

= (15 × 3 × 13 × 1) = ₹ 585

Amount = (principal + SI) = (1500 + 585) = ₹ 2085