Question

What would be the simple interest obtained on an amount of Rs. 6535 at the rate 10% after 6 years ?​

Answer 1

AnSwEr -:

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Simple Interest = ₹ 3921

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Explanation-:

Formula of Simple Interest-:

S.I = P x R x T

Here ,

P = initial principal balance

r = annual interest rate

t = time (in years)

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Given ,

P = ₹ 6535

R = 10 % or 10/100

T= 6 years

•To find ,

Simple Interest = P x R x T

•Calculate-:

= 6535 x 10 x 6 / 100

= 6535 x 6 / 10

= 39210 / 10

= 3921

•Simple Interest = ₹ 3921

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•Some formulas related to question -:

•Simple Interest = (P × R × T) ÷ 100

•Amount = SI + P

•A = {(P × R × T) ÷ 100} + P

Here ,

SI -: Simple Interest

A -: Amount/Future Value

P -: Principal Amount

R -: Rate of Interest per annum

T -: Time in years

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Answer 2

SI= 6535*10*6/100
=3921