Question

Simple Interest principle =7200 ,rate=3.7 and time=3.5 find ammount​

Answer 1

Given

• Principle =7200
• Rate = 3.7 %
• Time 3.5 year's

To Find

• Simple interest and Amount

Solution

____________________

We know that

$\sf Simple~~ interest = \dfrac{ Principal × Time × Rate }{100}$

$\sf Simple~~ interest = \dfrac{ 7200 \times 3.7 \times 3.5 }{100}$

$\sf Simple~~ interest = \dfrac{ 7200 \times 12.95 }{100}$

$\sf Simple~~ interest = \dfrac{ 93240 }{100}$

$\sf Simple~~ interest = 932.40$

As we know that

Amount = Simple interest + Principle

Amount = 932.4 + 7200

Amount = 8132.4

Hence

• Amount = Rs.8132.4
• Simple Interest = Rs.932.4

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More to know

• ★$\\\tiny\boxed{\begin{minipage}{5cm}\bigstar \:\underline{\textbf{Profit and Loss Formulas :}}\\\\ \\ \sf {\textcircled{\footnotesize\textsf{1}}} \:S.P. = \sf \bigg\lgroup\dfrac{100 + Profit \%}{100}\bigg\rgroup \times 100 \\\\\\ \sf {\textcircled{\footnotesize\textsf{2}}} \:\:C.P. = \sf \dfrac{S.P. \times 100}{100 + Profit \%} \\\\\\\sf{\textcircled{\footnotesize\textsf{3}}} \:\:Profit = \sf \dfrac{Profit \% \times C.P.}{100} \\\\\\ \sf{\textcircled{\footnotesize\textsf{4}}} \: \:Profit (gain) = S.P. - C.P. \\\\\\\sf{\textcircled{\footnotesize\textsf{5}}} \: \: \sf Profit \% = \dfrac{Profit}{C.P.} \times 100 \\\\\\ \end{minipage}}$