Question

principal= rupees 300, rate equals to 12% p.a time equals to 8 months. Find simpal interest and amount .
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Answer 1

Given :-

• Principal - Rs.300
• Time - 8 months = 8/12 years
• Rate - 12% p.a

To Find :-

• Simple Interest (S.I) and Amount

Solution :-

Simple Interest

S.I = (P × R × T)/(100)

S.I = (300 × 12 × 8)/(12 × 100)

S.I = 3 × 8

S.I = 24

Amount

Amount = Principal + S.I

Amount = 300 + 24

Amount = 324