Question

principle=8000
rate=10%
time=2years​

Answer 1

➤ Correct Question :-

Find the simple interest when principle=8000, rate=10%, time=2 years..........

➤ Given :-

Principle :- ₹ 8000

Rate of interest :- 10%

Time :- 2 years

➤ To Find :-

Simple Interest of the given sum...............

➤ Formula required :-

${\large\tt \dashrightarrow \orange{\boxed{\tt \gray{\dfrac{P \times R \times T}{100}}}}}$

➤ Solution :-

Simple Interest :-

${\tt \longrightarrow \dfrac{8000 \times 10 \times 2}{100}}$

${\tt \longrightarrow \dfrac{\cancel{8000} \times 10 \times 2}{\cancel{100}} = \boxed{\tt 80 \times 10 \times 2}}$

$\tt \longrightarrow 80 \times 20 = \boxed{\sf Rs \tt \: \: 1600 }$

$\Huge\therefore$ The simple interest of the given sum is ₹ 1600.

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$\dashrightarrow$ Some related formulas :-

Principle :- ${\boxed{\tt\dfrac{SI \times 100}{R \times T}}}$

Rate of interest :- ${\boxed{\tt\dfrac{SI \times 100}{P \times T}}}$

Time :- ${\boxed{\tt\dfrac{SI \times 100}{P \times R}}}$

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More to know..................

• Simple Interest is the extra amount to be given when a person borrows some money from a person or a bank. The person who gives money is called lender. The person who takes money is called borrower.
• Principal is the amount given at first from lender to borrower.
• Rate of interest is the extra amount to be given from borrower to lender. It is always written in percentage format.
• Time is given for the borrower to return back the given money with the given interest.