Question

principal=rs 500
time=3 years
rate =6 %
find interest

Answer 1

Simple Interest = ₹90

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Answer 2

Answer :-

The simple interest is Rs. 90.

Step-by-step explanation:

To Find :-

• Find the simple interest.

Given that,

• Principal = Rs. 500
• Time = 3 years
• Rate = 6%

∴ According the question,

• The simple interest

We know,

$\boxed{ \textsf{ \textbf{Simple interest}} \sf{ \: = \dfrac{(P \times R \times T)}{100}}}$

Where,

• P = Principal
• R = Rate
• T = Time

Therefore,

$\sf{ \longrightarrow \: \dfrac{(P \times R \times T)}{100}}$

By putting the values,

$\sf{ \longrightarrow \: \dfrac{(500 \times 3 \times 6)}{100}}$

$\sf{ \longrightarrow \: \dfrac{1500 \times 6}{100}}$

$\sf{ \longrightarrow \: \dfrac{9000}{100}}$

$\sf{ \longrightarrow \: \dfrac{900 \not{0}}{10 \not{0}}}$

$\sf{ \longrightarrow \: \dfrac{90 \not{0}}{1 \not{0}}}$

$\sf{ \longrightarrow \: 90}$

Hence, The simple interest is Rs. 90.

Formal used :-

• $\sf{Simple \: interest} \sf{ \: = \dfrac{(P \times R \times T)}{100}}$