Question

The simple interest 6% on 50,000 for 7 years is​

Answer 1

Step-by-step explanation:

SI = 50000 × 7 × 6 / 100

= 500 × 42

= 21,000

Answer 2

Solution :-

Here,

Principle = Rs50000

Rate of interest = 6%

Time = 7 years

Now,

We know that ,

SI = P * R * T / 100

Subsitute the required values,

SI = 50000 * 6 * 7 / 100

SI = 500 * 6 * 7

SI = 500 * 42 / 1

SI = 21000/1

SI = 21000

Hence, SI is Rs21000$.$

Formula kept in mind :-

• SI = P * R * T / 100

• A = P + SI

• A = P( 1 + R/100)^n

• CI = A - P