Question

What will be the amout of simple interest on 5000 at the rate of 5% per annum after 6 years?

Answer 1

and =rtp÷100 =5×5000×6÷100= 150000÷100 = 1500

Answer 2

Step-by-step explanation.

Given,

Principal = Rupees 5000

Rate = 5 %

Time = 6 years

Method,

S.I. =

$\tt\dfrac{P \: \times \: R\times \: T}{100}$

Solution,

x =

$\tt\dfrac{5000 \: \times \: 5 \: \times \: 6}{100}$

After Cancellation...

Rupees 1500

Taking out the amount,

Amount = S.I. + Principal

A = Rs. 1500 + Rs. 5000

A = Rupees 6500

Hence the amount is,

Rupees 6500

Answers :

Simple Interest = Rupees 1500

Amount = Rupees 6500