. A sum of Rs 400 is lent for 3 years at the rate of 6% per annum. Find the interest. About the author Skylar
Given, Principal amount, P = Rs 400 Time period, T = 3 year Rate of Interest, R = 6% p.a. To Find, Simple Interest, SI =? Formula to be used, Simple Interest = (P × T × R)/100 Solution, We know that, Simple Interest = (P × T × R)/100 Putting all the values, we get ⇒ Simple Interest = (400 × 3 × 6)/100 ⇒ Simple Interest = 7200/100 ⇒ Simple Interest = Rs. 72 Hence, the simple interest is Rs. 72. Reply
Answer:
SI=P×R×T/
400×3×6/
=72ans
Given,
Principal amount, P = Rs 400
Time period, T = 3 year
Rate of Interest, R = 6% p.a.
To Find,
Simple Interest, SI =?
Formula to be used,
Simple Interest = (P × T × R)/100
Solution,
We know that,
Simple Interest = (P × T × R)/100
Putting all the values, we get
⇒ Simple Interest = (400 × 3 × 6)/100
⇒ Simple Interest = 7200/100
⇒ Simple Interest = Rs. 72
Hence, the simple interest is Rs. 72.