Example 1:
Find simple interest on Rs. 3000 at 7% rate of interest for one year.
Solution:
Let Principal = 3000
Rate of interest = 7%
Simple interest
Example 2:
Find simple interest on Rs. 10,000 at the rate of 5% for 5 years. Also find the amount for 5 years.
Solution:
Let Principal = 10,000 Rs.
Rate = 5%
Time
Amount of simple interest for 5 years is
Interest
Hence the amount after 5 years
Example 3:
Find simple interest on Rs. 156,00 for years at the rate of 5% per annum. Also find total amount.
Solution:
Let Principal = 15,600
Rate = 5%
Time = years
Simple interest for 5 years
Amount
Example 4:
Find simple interest on Rs. 8,000 for 40 days, at 10% per annum.
Solution:
Let Principal = 8,000 Rs.
Rate = 10% per annum
Time = 40 days
Simple interest
