the principal is ₹4500 and the Tate of interest is 2% interst is ₹360 time is 4years what is the total amount to the bank
Answers
Step-by-step explanation:
Question 1:
Find the simple interest, when:
(i) Principal = Rs 2000, Rate of Interest = 5% per annum and Time = 5 years.
(ii) Principal = Rs 500, Rate of Interest = 12.5% per annum and Time = 4 years.
(iii) Principal = Rs 4500, Rate of Interest = 4% per annum and Time = months.
(iv) Principal = Rs 12000, Rate of Interest = 18% per annum and Time = 4 months.
(v) Principal = Rs 1000, Rate of Interest = 10% per annum and Time = 73 days.
ANSWER:
(i) Principal (P) = Rs 2000
Rate of interest (R) = 5% p.a.
Time (T) = 5 years
Simple interest = P×R×T100=2000×5×5100=Rs 500
(ii) Principal (P) = Rs 500
Rate of interest (R) = 12.5% p.a.
Time (T) = 4 years
Simple interest = P×R×T100=500×12.5×4100=Rs 250
(iii) Principal (P) = Rs 4500
Rate of interest (R) = 4% p.a.
Time (T) = 6 months
T =612=12 year (1 year = 12 months)
Simple interest = P×R×T100=4500×4×12100=4500×4×1100×2=Rs 90
(iv) Principal (P) = Rs 12000
Rate of interest (R) = 18% p.a.
Time (T) = 4 months =412=13year (1 year = 12 months)
Simple interest = P×R×T100=12000×18×1100×3=Rs 720
(v) Principal (P) = Rs 1000
Rate of interest (R) = 10% p.a.
Time (T) = 73 days = 73365 year (1 year = 365 days)
Simple interest = P×R×T100=1000×10×73100×365=Rs 20
Step-by-step explanation:
Simple interest =P×R×T100
where P is the principal amount , R is the rate and T is time.
1. P=4500,R=4,T=0.5
applying in formula, simple interest=Rs.90
2.1. P=12000,R=18,T=13
applying in formula, simple interest=Rs.720
3.1. P=1000,R=10,T=0.2
applying in formula, simple interest=Rs.20