simple interest of price 12000 rate 8.5 time for 4 year
Answers
Answered by
0
S.I=12000*8.5*4/100=₹4080
Answered by
14
Ⓡⓔⓠⓤⓘⓡⓔⓓ ⓓⓐⓣⓐ
Principal=12000 ruppes
rate of interest=8.5%
time=4 years
we use the formula of Interest
the formula of interest=ptr/100(here p is principal ,r is rate of interest and t is time)
interest=ptr/100
=12000×8.5×4/100 ruppes
=4080 ruppes
interest=4080 ruppes
Amount=principal+Interest
=12000+4080ruppes
=16080 ruppes
simple interest
Simple interest is interest calculated on the principal portion of a loan or the original contribution to a savings account. Simple interest does not compound, meaning that an account holder will only gain interest on the principal, and a borrower will never have to pay interest on interest already accrued.
Similar questions