Math, asked by avni045, 9 hours ago

What is the Interest on Rs 12000 for 1 month at the rate of 10 % per annum?

Answers

Answered by ItzzTwinklingStar
118

Given :

  • Principal = 12000
  • Rate = 10%
  • Time = 1 month \sf1 \: month \:  \:   \frac{1}{12}  \:  \: year

To find :

  • Simple Interest

Solution :

Before, finding the answer. Let's find out on how we can find the answer.

To find the Simple Interest by using the formula of :

{ \underline{\boxed {\sf{ \pink{ \:  S.I = \dfrac{p \times r \times t}{100}}}}}}  \:  \:   \blue\bigstar

Where,

  • P = Principal

  • R = Rate

  • T = Time

  • Here, we have to first multiply the Principal, Rate and Time.

  • Then, we must divide it by 100.

We know that,

:  \implies\sf S.I = \dfrac{p \times r \times t}{100}

 :  \implies\sf  \: 24000  \times  \frac{10}{100 \times 12}  \times 1</p><p>

 :  \implies\sf  \:  rs \: .100</p><p>

Hence, Simple Interest is Rs. 100.

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Learn More :

  • Simple Interest = Simple interest is the method of calculating interest charged on the amount invested in a fixed deposit.

  • Principle = The principal is the amount due on any debt before interest, or the amount invested before returns

  • Rate = An interest rate is the percentage of principal charged by the lender for the use of its money

  • Time = Time is duration (in months or years) in Simple Interest

  • \quad\sf{A ={P{\bigg(1 + \dfrac{R}{100}{\bigg)}^{T}}}}

  •  \quad\sf{Amount = Principle + Interest}

  • \quad \sf{ P=Amount - Interest }

  • 	\quad \sf{ S.I = \dfrac{P \times R \times T}{100}}

  • \quad\sf{P = \dfrac{Amount\times 100 }{100 + (Time \times Rate)}}

  • \quad\sf{P = \dfrac{Interest \times 100 }{Time \times Rate}}
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