Find the simple Interest and Amount if, Principal = Rs 10000 Rate = 18% p.a. Time = 7 years
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Find the simple Interest and Amount if, Principal = Rs 10000 Rate = 18% p.a. Time = 7 years
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Step-by-step explanation:
P=10,000, T=7,
r=18% =0.018
I=prt
=(10000)(0.018)7
=(70000)(0.018)
I=1,260
∴ Simple Interest =1260
Given:
• Principle =Rs.10000
• Rate =7 % per annum
• Time =7 years
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To find :
• The simple interest =?
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Formula :
[tex]\\ \large\pink\bigstar\boxed{\boxed{\sf{Simple \: interest = \dfrac{P \times T \times R}{100}}}}[/tex]
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Solution:
[tex]\\ \implies\sf{Simple \: interest =\dfrac{P \times T \times R}{100}}[/tex]
On substituting the values we get,
[tex] \\ \implies \sf \: simple \: interest = \frac{10000 \times18 \times 7 }{100} [/tex]
[tex] \\ \implies \sf \: simple \: interest = 100 \times 18 \times 7 \\ \\ \\ \implies \sf \: simplie \: interest = 1800 \times 7 \\ \\ \\ \implies \sf \: simple \: interest = 12600 \: rupees[/tex]
The simple interest will be 12600 rupees