1.

Find the interest to be paid at the end of one year on Rs.3250 at 6% per annum.​

Answer»

Step-by-step explanation:

GIVEN:-

  • Principal is Rs.3250 .
  • Rate of interest is 6%.
  • Time period is 1 year.

To find:-

  • Interest.

Solution:-

We KNOW that,

Simple interest = P×R×T/100

In which,

  • P is principal
  • R is Rate of interest
  • t is Time period

  • Time will be in years.
  • Simple interested is a type of loan which is CALCULATED by using principal, time and rate of interest by which any amount is taken.

Put P, R and t in formula

➝ 3250×6×1/100

➝ 19500/100

➝ 195

Therefore,

Interest is Rs.195.



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