Find the simple interest on Rs 3600 at 5 % per annum for 8 months.Also find the amount.
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Find the simple interest on Rs 3600 at 5 % per annum for 8 months.Also find the amount.
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Answer:
Simple Interest = Principal * Rate * Time / 100
So..
Simple Interest = Rs 3600 * 5% * 8 months / 100 = Rs 1440.
Thus, the simple interest is Rs 1440.
And the amount = Principal + Simple Interest
So, amount = Rs 3600 + Rs 1440 = Rs 5040.
Hope it helps!
Question given :
Find the simple interest on Rs 3600 at 5 % per annum for 8 months.Also find the amount.
Given values :
To find :
Solution :
As we know that to find the SI we put the formula :
★
Putting the values,
Thus,the Simple Interest
★
Thus,
The Simple Interest
And the Amount
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