Question

Rs184 for 2 years at 5% p.a find simple intetest and the amount at simple interest

Answer 1

P=184

T=2

R=5

SI=PTR/100

  = 184x2x5/100

=18.4

amount is 184+18.4

=202.4

Answer 2

The simple interest is Rs. 18.40.

The amount at simple interest is Rs. 202.40

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Let's understand a few concepts:

To calculate the simple interest we will use the following formula:

$\boxed{\bold{Simple \:Interest = \frac{Principal \times Time \times Rate}{100} }}$

To calculate the amount at the simple interest we will use the following formula:

$\boxed{\bold{Amount = Principal + Simple \:Interest}}$

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Let's now solve the given problem:

The sum of money i.e., principal = Rs. 184

The no. of years = 2 years

The rate of interest = 5% p.a.

By substituting the given values in the above formula of simple interest, we get,

The simple interest is,

= $\frac{184\: \times \:2\:\times \:5}{100} }}$

= $\frac{184\: }{10}$

= $\bold{Rs. \:18.40}$

Now,

The amount at simple interest will be,

= $Principal + S.I.$

= $Rs.\:184 + Rs.\:18.40$

= $\bold{Rs.\:202.40}$

Thus,

The simple interest is Rs. 18.40.

The amount at simple interest is Rs. 202.40.

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