Find the simple interest on 10,000 for 1 year 4 months at the rate of 72 %p.a.?​

2 thoughts on “Find the simple interest on 10,000 for 1 year 4 months at the rate of 72 %p.a.?​”

1. Before, finding the answer. Let’s find out on how we can find the answer.

   • To find the Simple Interest, we must use the formula of :

   [tex]\sf Simple \: Interest =\dfrac{p \times r \times t}{100}[/tex]

   • where, we have to multiply Principal, rate and time. Then, divide it by 100.

   _________________________

   Given :

   • Principal = 10,000

   To find :

   • Simple Interest

   Solution :

   = 10000*72*4/3 whole by 100

   = 100*72*4/3

   = 100*24*4

   = 100*96

   = 9600

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2. Answer:

   ₹9,600

   Step-by-step explanation:

   T = 1 year 4 months = 1 4/12 = 1 1/3 = 4/3 years

   Simple Interest = P x R x T/100

   ∴ 10000 x 72 x 4/100 x 3 = 100 x 24 x 4 (via simplification) = ₹9,600

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