Question

The interest on ₹ 5640 at a rate of 5% per annum for 3 years is​

Answer 1

As we know that

Given,

amount = ₹$5640$

Rate = %

and the  Time = years

So that,

Interest = P × R × T/$100$

$= 5640$ × $5$ ×$3$/$100$

$= 5640$× $3$/$20$

$= 282$ × $3$

$= 846$

Hence the interest on ₹$5640$at a rate of$5$% per annum for $3$years is​$846$.

Answer 2

Given: $P=5640,R=5%$%,$T=3$.

We have to find the interest.

For this, we are using the formula of simple interest. i.e.

$S.I.=\frac{P*R*T}{100}$

Now, put the given values in the formula.

$S.I.=\frac{5640*5*3}{100} \\\\S.I.=846$

Hence, The simple interest is $846.$