Zahid had invested in a bank scheme which of interested 8.6 % annual for 7.8 year how much interest will be invested for 20000 rup

1 thought on “Zahid had invested in a bank scheme which of interested 8.6 % annual for 7.8 year how much interest will be invested for 20000 rup”

1. Given:–

   •Rate of interest=8.6%

   •Time is given=7.8years

   •Principal = 20000rupees

   To Find:–

   •How much interest will be invested

   Solution:–

   we have,

   • Principal=20000rupees
   • Rate=8.6%
   • Time=7.8years

   Using Formula:

   [tex] \: \: \sf \: simple \: interest = \frac{principal \times rate \times time}{100} [/tex]

   Now substitue the values,

   [tex] \: \: \sf \: s.i = \frac{20000 \times 86 \times 78}{100 \times 10 \times 10} \\ \\ \: \: \sf \: s.i = 2 \times 86 \times 78 \\ \\ \: \: \sf \: s.i = 13416 \: rupees[/tex]

   Henceforth,Simple Interest is 13416 rupees.

   _____________________________

   Extra Info…

   •Principal=Simple Interest *100/Rate*time

   •Time=Simple Interest*100/Principal*rate

   •Rate=Simple Interest*100/Principal*time

   •Amount=Principal+Simple Interest

   •Principal=Amount-Simple Interest

   •Simple Interest=Amount-Principal

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