Question

what the sum of money will amount to Rs 7800 at the rate of 6% per annum on simple interest in 5 year ​

Answer 1

Answer:

Simple interest = ₹2340

Step-by-step explanation:

Given :

Principal = ₹7800

Rate = 6%

Time 5 years

To find :

The simple interest

Taken :

To find the simple interest use this formula -:

$\boxed{\sf{S.I.=\dfrac{P\times R\times T}{100}}}$

Where,

S.I. = Simple interest

P = Principal

R = Rate

T = Time

Solution :

$:\implies\sf{S.I.=\dfrac{78\cancel{00}\times6\times5}{1\cancel{00}}}$

$:\implies\sf{S.I.=78\times6\times5}$

$:\implies\sf{S.I.=468\times5}$

$:\implies\sf{S.I.=Rs.2340}$

So , the simple interest is ₹2340 .