Question

Vinita deposited 6,000 in a bank for one year at an interest of 6 p.c.p.a.
How much interest will she get at the end of the year?​

Answer 1

Solution:-

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$\large\to{\underbrace{\underline{\sf{Understanding\:the\:concept:-}}}}$

❒ Here, the question has given us a principal and rate of interest and asked us to find the simple interest. So we have to apply the formula of Simple Interest (SI) to find the interest she will get at the end of the year.

ANSWER:-

• She will get the interest of Rs 360 after 1 year from the bank.

GIVEN:-

• Principal = 6,000
• Rate of Interest = 6% per annum
• Time = 1 year

Some Abbreviations:-

• P = Principal
• R = Rate of interest
• T = Time
• SI = Simple Interest

TO FIND:-

• Interest she will get after 1 year = ?

FORMULA:-

• Simple Interest = P × R × T / 100

SOLVING BY APPLYING THE FORMULA:-

• Principal = 6,000
• Rate of Interest = 6% per annum
• Time = 1 year
• Simple Interest = P × R × T / 100

⚩ Simple Interest = 6,000 × 6 × 1 / 100

⚩ Simple Interest = 36,000 × 1 / 100

⚩ Simple Interest = 36,000 / 100

⚩ Simple Interest = 36,000 / 100 = 360

⚩ Simple Interest = Rs 360.

Hence, she will get the interest of Rs 360 after 1 year.

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Answer 2

Step-by-step explanation:

→

Understandingtheconcept:−

❒ Here, the question has given us a principal and rate of interest and asked us to find the simple interest. So we have to apply the formula of Simple Interest (SI) to find the interest she will get at the end of the year.

ANSWER:-

She will get the interest of Rs 360 after 1 year from the bank.

GIVEN:-

Principal = 6,000

Rate of Interest = 6% per annum

Time = 1 year

Some Abbreviations:-

P = Principal

R = Rate of interest

T = Time

SI = Simple Interest

TO FIND:-

Interest she will get after 1 year = ?

FORMULA:-

Simple Interest = P × R × T / 100

SOLVING BY APPLYING THE FORMULA:-

Principal = 6,000

Rate of Interest = 6% per annum

Time = 1 year

Simple Interest = P × R × T / 100

⚩ Simple Interest = 6,000 × 6 × 1 / 100

⚩ Simple Interest = 36,000 × 1 / 100

⚩ Simple Interest = 36,000 / 100

⚩ Simple Interest = 36,000 / 100 = 360

⚩ Simple Interest = Rs 360.

Hence, she will get the interest of Rs 360 after 1 year.