Question

Principal = 5000 , Rate = 8 , Duration = 3( year )​

Answer 1

Answer:

SIMPLE INTEREST = 5000 × 8/100 ×

= 1200

Answer 2

In context to questions asked,

We have to determine the value of SI.

As per questions,

We have,

Principal = 5000 , Rate = 8 , Duration = 3 year

As we know that,

$si = \frac{prt}{100}$

So, for determining the value of SI we will put the value of principal, rate and time period in the above formula.

Thus we will get,

$si = \frac{5000 \times 8 \times 3}{100} \\ = > si = 1200$

Hence, value of amount will be determined by adding principal to the value of Simple Interest.

Hence, value of Amount will be,

$500 + 1200 = 6200 \: rupee$

Hence, the value of Simple Interest will be 1200 and amount will be Rs. 6200.

Principal = 5000 , Rate = 8 , Duration = 3( year ), determine the value of SI and Amount.