principal= rs 7200,rate=7%per annum,time= 5 months.find simple interest,amount
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Answer:
- Simple interest is Rs 210.
- The amount is rs 7410.
Step-by-step explanation:
Given:
Principal= rs 7200,
rate=7%per annum,
time= 5 months.
Find simple interest, amount
Formula: Simple Interest = PNR/100
Amount = Simple interest + Principal
Step 1: First find simple interest
Simple Interest = PNR/100
So, simple interest is Rs 210.
Step 2: Find the amount
Amount = Simple interest + Principal
= 210 + 7200
= Rs 7410
The amount is rs 7410.
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