Question

Q7 -Principal=R600. Rate=7%. Time=2 years. Find Simple Interest.​

Answer 1

Answer:

Simple Interest = 84 rupees

Step-by-step explanation:

Given: p= 600, r = 7% and n = 2years

To find: Simple Interest

Solution:

Simple Interest = p*r*n/100

Simple Interest = 600*7*2/100

Simple Interest = 8400/100

Simple Interest = 84

Therefore, the simple interest is 84 rupees.

Answer 2

Step-by-step explanation:

Given :-

• Principal = Rs. 600
• Rate of interest = 7 % = $\frac{ 7 }{ 100 }$ → 0.07
• Time = 2 years

Simple interest = $\frac{ PRT }{ 100 }$

• $\frac{ 600 \: × \: 0.07 \: × \: 2 }{ 100 }$

• $\frac{ 84 }{ 100 }$
• 0.84

→ Rs. 84