Question

What is the interest on Rs.4700 at 7% for 4 years
please give the answer with explanation​

Answer 1

Answer:

6016

Step-by-step explanation:

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Answer 2

${\tt{\red{\underline{\underline{\huge{Answer:= \: ₹1361}}}}}}$

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$\LARGE{\bf{\underline{\underline\color{blue}{GIVEN:-}}}}$

• $\sf\green{ Principal \: = \: ₹4700}$
• $\sf\green{ Rate \: = \: 7 percentage}$
• $\sf\green{ Time \: = \: 4years}$

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$\LARGE{\bf{\underline{\underline\color{purple}{Solution:-}}}}$

$\boxed{ \sf \blue{ We \: will \: use \: the \: Formula \: to\: find \: Interest }}$

$\boxed{ \sf \orange{ Formula }}$

$\begin{gathered}\begin{gathered}: \implies \underline{ \boxed{\displaystyle \sf \bold{\: I \: = \: \frac{P \: \times \: R \: \times \: T }{100} }} }\\ \\\end{gathered}\end{gathered}$

$\begin{gathered}\begin{gathered}: \implies \displaystyle \sf \: I \: = \: \frac{4700 \: \times \: 7 \: \times \: 4 }{100} \\ \\ \\\end{gathered}\end{gathered}$

$\begin{gathered}\begin{gathered}: \implies \displaystyle \sf \: I \: = \: \frac{ 131600 }{100} \: \\ \\ \\\end{gathered}\end{gathered}$

$\begin{gathered}\begin{gathered}: \implies \underline{ \boxed{\displaystyle \sf \bold{\: I \: = \: ₹1316 }} }\\ \\\end{gathered}\end{gathered}$

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Verification :

• 1316 = 4700 × 7 × 4 \100
• 1316 = 1316

Hence, Proved

$\sf\red{ So, \: the \: simple \: interest \: = \: ₹1361}$

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