principle=640,rate=12 1/2 time=6 months, find the SI along with amount
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Simple Interest
Amount
• Given:-
Principal = Rs. 640
Rate = 12 ½% → 25/2 % p.a
Time = 6 months → 1/2 years
⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀
• To Find:-
Simple Interest [ S.I ]
Amount [ A ]
⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀
• Solution:-
❶
⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀
We know,
where,
S.I = Simple Interest
P = Principal
R = Rate
T = Time
⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀
• Substituting in the Formula:-
➪
➪
★
⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀
❷
⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀
We know,
⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀
• Substituting in the Formula:-
⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀
➪
★
⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀
Therefore, the S.I and Amount are Rs. 40 and Rs. 680 respectively.
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