Math, asked by bishnupriyamah95, 6 months ago

The simple interest on a sum of Rs 5400 at the rate of 10/3% p.a. for 2 years is:​

Answers

Answered by Anonymous
24

To Find :-

  • Simple interest.

Solution :-

Given,

  • Principal (P) = Rs. 5400
  • Rate of interest (R) = 10/3%
  • Time (T) = 2 years

As we know that,

Simple interest = P × R × T / 100

[ Put the values ]

⟶ S.I = 5400 × 10/3 × 2 / 100

⟶ S.I = 1800 × 10 × 2 / 100

⟶ S.I = 1800 × 20 / 100

⟶ S.I = 36000 / 100

⟶ S.I = 360

S.I = Rs. 360

Therefore,

The simple interest is Rs. 360.

For information :-

  • A = P(1 + R/100)^t

  • Interest = Amount - Principal

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