the interest on rs.3000,deposited in a bank at 9percent p. a for 2years is
Answers
Answer:
540
Step-by-step explanation:
P + P×R×T/100
3000 + 3000×9×2/100
3000 + 3000×18/100
3000 + 54000/100
3000 + 540
3540
Solution:-
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◍ Here, the question has given us the principal, rate of interest and time that is Rs. 3,000, 9% per annum and for 2 years respectively. Now, the question has asked us to find the simple interest of it. So to get the SI we need to find out the simple interest for that we simply have to apply the formula of SI.
ANSWER:-
◈ Simple Interest = Rs. 540
GIVEN:-
☆ Principal = Rs. 3,000
☆ Rate of Interest = 9% per annum
☆ Time = 2 years
TO FIND:-
↠Simple Interest= ?
FORMULA:-
➾ Simple Interest = P × R × T / 100
SOLVING BY APPLYING THE FORMULA:-
☆ Principal = Rs. 3,000
☆ Rate of Interest = 9% per annum
☆ Time = 2 years
➾ Simple Interest = P × R × T / 100
- Finding the SI:-
➢ SI = 3,000 × 9 × 2 / 100
➢ SI = 3,000 × 18 / 100
➢ Cancelling the zeros.
➢ SI = 30 × 18 / 1
➢ SI = 30 × 18
➢ SI = 30 × 18 = 540
➢ SI = Rs. 540
The simple interest is of Rs. 540.
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