Find the simple interest for Rs 5000 for 4 years at the rate of interest 6% per annum.

Question

asked May 28, 2024 173k views

2 Answers

Geeko · Answer 1 · 2024-05-31T06:12:32+0000

The simple interest for Rs 5000 for 4 years at the rate of interest 6% per annum is Rs 1200.

To find the simple interest for Rs 5000 for 4 years at the rate of interest 6% per annum, we can use the formula:

Simple Interest = (Principal x Rate x Time) / 100

Plugging in the given values, we have:

Simple Interest = (5000 x 6 x 4) / 100

Simple Interest = 1200

Therefore, the simple interest for Rs 5000 for 4 years at a rate of interest 6% per annum is Rs 1200.

Seether · Answer 2 · 2024-06-03T05:24:09+0000

The simple interest on Rs 5000 at a rate of 6% per annum for 4 years is Rs 1200.

To find the simple interest for Rs 5000 for 4 years at the rate of interest of 6% per annum, we need to use the simple interest formula, which is:

Interest = Principal × rate × time

Here, the principal is Rs 5000, the rate is 6% (or 0.06 as a decimal), and the time is 4 years.

Interest = Rs 5000 × 0.06 × 4

To calculate:

Interest = 5000 × 0.06 × 4 = Rs 300 × 4 = Rs 1200

The total simple interest earned over 4 years will be Rs 1200.