Question

Question!

Find the simple interest and the amount on rs5000 at 10percentage per annum for 5 years.

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Answer 1

Given :

• Principal (P) = 5000
• Rate (R) = 10% p.a.
• Time (T) = 5 years

To Find :

• Find the Simple Interest and Amount ?

Solution :

• We know that,

➣ Sl = P × R × T/100

Where,

• SI = Simple Interest
• P = Principal
• R = Rate
• T = Time

According to the question :

• Sl = P × R × T/100

➣ Sl = 5000 × 10 +5/100

➣ Sl = 500 × 5

➣ SI = Rs. 2500

Now,

• Amount = Sl + Principal

➣ Amount = 2500 + 5000

➣ Amount = Rs. 7500

Hence,

• Simple Interest & Amount are ₹2500 and ₹7500.

Answer 2

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