the simple interest on Rs 12000 for 5years at 7% per annum
Answers
Answered by
3
Answer:
Principal = 12000
Time = 5 years
Rate = 7%
Simple interest = P *R* T / 100
= 12000 * 5 * 7 / 100
= 420000 / 100
= 4200
Hope this helps u ●︿●●︿●
Answered by
33
- Simple interest is Rs. 4200.
Step-by-step explanation:
Given:-
- Principal = Rs. 12000.
- Time period = 5 years.
- Rate of interest = 7%.
To find:-
- Simple interest.
Solution:-
We know that,
In which,
- P is principal.
- r is Rate of interest.
- t is time period
P = Rs. 12000
r = 7%
t = 5 years
Put all values in formula :
Therefore,
Simple interest is Rs. 4200.
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