Question

$\large \bigstar \: \bf \pink{Question :-}$

Calculate the Simple Interest and the Amount on the following :-

Principal = ₹ 600
Rate of Interest = 10 %
Time Period = 2 years .

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Answer 1

Question :-

➻ Calculate the Simple Interest and the Amount on the following :-

• Principal = Rs. 600
• Rate of Interest = 10 %
• Time Period = 2 years .

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Answer :-

• Simple Interest is Rs. 120
• Amount is Rs. 720

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Explanation :-

• Here, Principal is given Rs. 600 . Rate of Interest is 10 % . Time Period is 2 years . And, we have to calculate the Simple Interest and the Amount .

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➻ Formula Required :-

• $\sf{Simple \: Interest = \frac{P \times R \times T}{100} }$

• $\sf{Amount = Principal + Simple \: Interest}$

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➻ Where ,

• P denotes to Principal .
• R denotes to Rate of Interest .
• T denotes to Time Period .

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➻ First, we will find Simple Interest :-

$\dag \: \: \sf{Simple \: Interest = \frac{P \times R \times T}{100} }$

$\Longrightarrow \: \: \sf{Simple \: Interest = \frac{600 \times 10 \times 2}{100} }$

$\Longrightarrow \: \: \sf{Simple \: Interest = \frac{6 \times 10 \times 2}{1} }$

$\Longrightarrow \: \: \sf{Simple \: Interest = Rs. \: 120}$

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➻ Now, let's find the Amount :-

$\dag \: \: \sf{Amount = Principal + Simple \: Interest}$

$\Longrightarrow \: \: \sf{Amount \: = \: 600 \: + \: 120}$

$\Longrightarrow \: \: \sf{Amount = Rs. \: 720}$

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Hence :-

• Simple Interest = Rs. 120
• Amount is = Rs. 720

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$\begin{gathered}\begin{gathered}\boxed{\begin{array}{c} \\ \underline{ { \pmb {\sf \red{ \dag \: \: More \: Formulas \: \: \dag}}}} \\ \\ \\ \footnotesize \bigstar \: \sf{Simple \: Interest = \large \frac{Principal \: \times \: Rate \: \times \: Time}{100} } \\ \\ \\ \footnotesize \bigstar \: \sf{Principal = \large\frac{100 \: \times \: Simple\: Interest }{Rate \: \times \: Time} } \\ \\ \\ \footnotesize\bigstar \: \sf{Rate = \large \: \frac{100 \: \times \: Simple\: Interest}{Principal \: \times \: Time} } \\ \\ \\ \footnotesize \bigstar \: \sf{Time = \large \: \frac{100 \: \times \: Simple\: Interest}{Principal \: \times \: Rate} } \\ \\ \\ \footnotesize \bigstar \: \sf{Amount = Principal \: + Simple\:Interest}\end{array}}\end{gathered}\end{gathered}$

Answer 2

Answer :-

• Simple Interest = Rs. 120
• Amount = Rs. 720

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