Question

( Question)
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Calculate simple interest. When
Principle is given 1000 , Rate is given 8 , Time is 6yrs . What will be the simple interest find?​

Answer 1

$\large{\maltese{\underline{\underline{\pmb{{\pink{\sf{\;Given\; That \;:}}}}}}}}$

$\;$

$:\implies$Principle (P) = 1000

$:\implies$Rate of interest (R) = 8

$:\implies$Time (T) = 6

$\;$

$\large{\maltese{\underline{\underline{\pmb{{\green{\sf{\;Need\;To\; Find\;:}}}}}}}}$

$\;$

$:\mapsto$ Calculate simple interest ?

$\;$

$\rule{200}2$

$\;$

$\large{\maltese{\underline{\underline{\pmb{{\blue{\sf{\;Formula \;Used\; Here\;:}}}}}}}}$

$\;$

$:\longmapsto$ SI = P × R × T / 100$\green\bigstar$

$\;$

$\rule{200}2$

$\;$

$\large{\bigstar{\underline{\underline{\pmb{{\red{\sf{\;Putting \;Values \;in \;Formula\;:}}}}}}}}$

$\;$

$\leadsto$Simple Interest = P × R × T / 100

$\leadsto$Simple Interest = 1000 × 8 × 6 / 100

$\leadsto$Simple Interest = 10 × 8 × 6

$\leadsto$Simple Interest = 6 × 80

$\leadsto$Simple interest = ₹ 480$\red\bigstar$

$\;$

$\large{\dag{\underline{\underline{\pmb{{\purple{\sf{\;Therefore \;:}}}}}}}}$

$\;$

$\longrightarrow$ The simple Interest will be ₹480!

$\rule{200}2$

Answer 2

Information provided with us :

• Principal is Rs.1000
• Rate is of 8%
• Time is of 6 years.

What we have to calculate :

• Simple Interest (S.I.) ?

Performing Calculations :

So here we have been given with the principal, rate and time period of a sum of rupees and we have to calculate the simple Interest, so we would be simply using the formula of simple Interest.

• $\blue{\boxed{\bf{S.I. \: = \: \dfrac{P \times R \times T}{100} }}} \: \red\bigstar$

Here in this formula,

• P is Principal
• R is rate of interest
• T is time

Substituting the values in the formula,

$\longmapsto \: \sf{S.I. \: = \: \dfrac{1000 \times 8 \times 6}{100} }$

$\longmapsto \: \sf{S.I. \: = \: \dfrac{ \cancel{1000}\times 8 \times 6}{ \cancel{100}} }$

$\longmapsto \: \sf{S.I. \: = \: \dfrac{ 100\times 8 \times 6}{10} }$

$\longmapsto \: \sf{S.I. \: = \: \dfrac{ \cancel{100}\times 8 \times 6}{ \cancel{10}} }$

$\longmapsto \: \sf{S.I. \: = \: \dfrac{ 10\times 8 \times 6}{1} }$

$\longmapsto \: \sf{S.I. \: = \: 10\times 8 \times 6}$

$\longmapsto \: \sf{S.I. \: = \: 80 \times 6}$

$\longmapsto \: \pink{\bf{S.I. \: = \: 480}}$

Therefore,

• Simple Interest is Rs.480.