Question

simple interest on rs. 24000 for 1 month at the rate 10%p.a. is_____?​

Answer 1

Answer:

Simple Interest Formulas and Calculations:

Calculate Total Amount Accrued (Principal + Interest), solve for A. A = P(1 + rt)

Calculate Principal Amount, solve for P. P = A / (1 + rt)

Calculate rate of interest in decimal, solve for r. r = (1/t)(A/P - 1)

Calculate rate of interest in percent. ...

Calculate time, solve for t.

Hope this helps you☺

Answer 2

Answer:

Principal = Rs 24000, Time = 1 month, Rate = 10% p.a.

Simple Interest = Principal × Rate × Time / 100.

So, Simple Interest = Rs 24000 × 10% p.a × 1 month / 100 = Rs 2400..

So, simple interest is Rs 2400.

Hope it helps! :)