Question

Q-5 Answer the following as directed.
1) Find the simple interest of ₹ 1000 kept for 2 years at 3 % rate of interest.
2) Find the amount and interest of ₹ 5000 kept for 2 years at 7 % rate of interest.

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Answer 1

Answer:

Q5. 1)₹60 2)₹5700

Step-by-step explanation:

1.)

It is given,

Principal(P)=₹1000

Time(T) =2years

Rate(R)=3%

we know that,

SI=Principal × Time × Rate/100 (SI=Simple Intrest)

=1000×2×3/100= 10×6

=₹60

2.)

It is given,

Principal (P)=₹5000

Time(T)=2years

Rate(R)=7%

As again we know that,

SI=Principal ×Time ×Rate/100

=5000×2×7/100

=50×14

=₹700

Now,

Amount =Principal +Simple interest (A=P+SI)

=₹5000+₹700

Amount =₹5700

hope you can understand

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