Question

what would be the simple interest accrued 4 year on a principle of 18440 at the rate of 15% per annum​

Answer 1

Answer:

The Simple interest on the Rs. 18440 is Rs. 11064 and amount received would be Rs. 29504.

Step-by-step explanation:

Given :

Sum of money = Rs. 18440

Rate = 15%

Time = 4 years

To find :

The simple interest

Solution :

$\boxed{\sf{SI = \frac{Principal \times Rate \times Time}{100}}}$

⇒ SI = $\sf\dfrac{18440 \times 15\times 4}{100}$

⇒ SI = $\sf\dfrac{1106400}{100}$

⇒ SI = 11064

Simple Interest = Rs. 11064

$\rule{300}{1.5}$

$\boxed{\sf{Amount = Principal + Simple \: Interest}}$

⇒ Amount = 18440 + 11064

⇒ Amount =  29504

∴ The Simple interest on the Rs. 18440 is Rs. 11064 and amount received would be Rs. 29504.

Answer 2

Step-by-step explanation:

Question:

What would be the Simple Interest accrued for 4 year on a principal of ₹18,440 at the rate of 15% per annum?

Answer:

₹11,064.

Solution:

Given,

Principal (P) = ₹18,440

Time (T) = 4 years

Rate of Interest (R) = 15%

To find : Simple Interest (SI)

Formula : $\sf\dfrac{P×T×R}{100}$ = SI

SI ===> $\sf\dfrac{18440×15×4}{100}$

SI ===> $\sf\dfrac{276600×4}{100}$

SI ===> $\sf\dfrac{1106400}{100}$

SI ===> ₹11064.

Therefore, the Simple Interest is ₹11064.