Question

Q: simple interest @ 10% for 5 years is Rs. 5000​

Answer 1

$\mathtt{GIVEN:-}$

$\mathtt \purple{PRINCIPAL = 5000 }$

$\mathtt \purple{RATE =10 \%}$

$\mathtt\purple{TIME=5 \: years}$

$\: \: \: \: \: \: \: \: \: \: \: \: \:$

$\mathtt{FORMULA \: USED:-}$

$\mathtt \purple{SIMPLE \: INTREST = \frac{PRINCIPAL × RATE ×TIME} {100} }$

$\: \: \: \: \: \: \: \: \: \: \: \: \:$

$\mathtt{SOLUTION:-}$

$\mathtt \purple{SIMPLE \: INTREST = \frac{PRINCIPAL × RATE ×TIME} {100} }$

$\mathtt {SIMPLE \: INTREST = \frac{5000 × 10 ×5} {100} }$

$\mathtt{SIMPLE \: INTREST = 50 × 10 ×5}$

$\mathtt \purple{SIMPLE \: INTREST = 2500}$

Answer 2

Appropriate question:–

• Find the simple interest at 10% for 5 years is Rs. 5000

Given:–

• Principal (P) = Rs.5000
• Time taken = 5 years

To find:–

• We have to find the simple interest.

Formulas used:–

• $</u><u>\</u><u>b</u><u>l</u><u>u</u><u>e</u><u>{</u><u>\</u><u>b</u><u>o</u><u>x</u><u>e</u><u>d</u><u>{</u><u>\text{Simple Interest} = \</u><u>d</u><u>frac{\text{Principal×Rate×Time}}{100}</u><u>}</u><u>}</u><u>$

Some common terms:–

• The money borrowed is called the Principal, the extra money paid for using lender's money is called the interest and the total money, paid to the lender at the end of the specified period is called the amount.

Step by step explaination:–

Here, in this question it is given that the principal, rate and time is Rs.5,000, 10% and for 5 years respectively. Now, the question has asked us to find the interest.

That will be calculated by the given formula of simple interest as we have wrote it above.

• $\text{Simple Interest} = \dfrac{\text{Principal×Rate×Time}}{100}$

Evaluating values in the given formula.

$\implies\text{Simple Interest} = \dfrac{5000× 10 × 5}{100}$

Now after evaluating the values here, we have to reduce it to their lowest terms.

$\implies\text{Simple Interest}= \dfrac{\cancel{5000}× 5×10}{\cancel{100}}$

$\implies\text{Simple Interest}= 2500$

Conclusion:–

Simple Interest is Rs.2500