Principal = ₹3000, Rate= 10paise per rupee per annum, Time= 2year
Answers
Correct Question:
Principal = ₹ 3000, Rate= 10 paise per rupee per annum, Time = 2year. Find S.I and Amount.
Answer:
S.I = ₹ 600
Amount = ₹ 3600
Step-by-step explanation:
Given that
Principal, p = ₹ 3000
Rate of intrest, r = 10/100 × 100 = 10% p.a
Time, t = 2 yrs.
To find the Simple Intrest and Amount.
We know that,
S.I = p×r×t/100
Substituting the values, we get,
=> S.I = 3000 × 10 × 2/100
=> S.I = 6000 /10
=> S.I = 600
Therefore, we have,
Simple Interest = ₹ 600
Now, we know that,
Amount = Principal + S.I
=> A = 3000+600
=> A = ₹ 3600
Hence, the required value of S.I and Amount is ₹ 600 and ₹ 3000 respectively.
Simple Interest ,
where ,
- P denotes principal amount
- T denotes time in years
- R denotes rate of interest
Total Amount = Principal + S.I.
Given ,
Principal , P = 3,000
Rate of Interest , R = ₹ 10 per annum
Time , T = 2 year
So , Total Amount = 3000 + 600
⇒ Total Amount = ₹ 3,600