Question

Simple interest on Rs 7500 for 10years at the rate of 13% is

Answer 1

$\large\sf\underline{Given:}$

• Principal = Rs 7500

• Time = 10 yrs

• Rate = 13 %

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$\large\sf\underline{To\:find:}$

• Simple interest = ??

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$\large\sf\underline{Solution:}$

We know ,

$\small{\underline{\boxed{\mathrm\purple{Simple\:Interest=\frac{Principal×Rate×Time}{100}}}}}$

Substituting the given values in the formula :

$\sf➻\: Simple\:Interest=\frac{7500×13×10}{100}$

$\sf➻\: Simple\:Interest=\frac{7500×130}{100}$

$\sf➻\: Simple\:Interest=\frac{975000}{100}$

$\sf➻\: Simple\:Interest=\frac{9750}{1}$

${\sf{{\red{➠\: Simple\: Interest\:=\:Rs\:9750}}}}$

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⠀‎⠀$\large\rm\purple\star\:\underline{Some\:more\:Formulae:}$

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⠀‎⠀$\sf\: Principal=\frac{SI×100}{Rate×Time}$

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⠀‎⠀ $\sf\:Rate=\frac{SI×100}{Principal×Time}$

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⠀‎⠀ $\sf\:Time=\frac{SI×100}{Principal×Rate}$

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!! Hope it helps !!