The Sion 2000 at the rate of 10% p.a. for 2 years is
fixed rats
Answers
Step-by-step explanation:
(i) Given Principal = Rs 2000, Rate of Interest = 5% per annum and Time = 5 years.
We know that simple interest = (P × T × R)/100
On substituting these values in above equation we get
SI = (2000 × 5 × 5)/100
= Rs 500
(ii) Given Principal = Rs 500, Rate of Interest = 12.5% per annum and Time = 4 years.
We know that simple interest = (P × T × R)/100
On substituting these values in above equation we get
SI = (500 × 4 × 12.5)/100
= Rs 250
(iii) Given Principal = Rs 4500, Rate of Interest = 4% per annum and Time = 6 months = ½ years
We know that simple interest = (P × T × R)/100
On substituting these values in above equation we get
SI = (4500 × ½ × 4)/100
SI = (4500 × 1 × 4)/100 × 2
= Rs 90
(iv) Given Principal = Rs 12000, Rate of Interest = 18% per annum and Time = 4 months = (4/12) = (1/3) years
We know that simple interest = (P × T × R)/100
On substituting these values in above equation we get
SI = (12000 × (1/3) × 18)/100
SI = (12000 × 1 × 18)/100 × 3
= Rs 720
(v) Given Principal = Rs 1000, Rate of Interest = 10% per annum and
Time = 73 days = (73/365) days
We know that simple interest = (P × T × R)/100
On substituting these values in above equation we get
SI = (1000 × (73/365) × 10)/100
SI = (1000 × 73 × 10)/100 × 365
= Rs 20