SIMPLE INTEREST 2

Anjali deposited the amount of 11,000/= in a bank which gives an interest rate of 5% for 2 years. Find the simple interest she got?

Solution

I = ?,  P = 11,000/=, T = 2 years, R = 5%

I  = PRT

      100

I  = 11,000 x 5 x 2

            100

I  = 11000 x 5 x 2

            100

I  = 110 x 5 x 2

          

I  = 1100/=

Hence the simple interest was Tsh 1100/=

TRY THIS………………..

Chudasama deposited the amount of 9000/= in a bank which gives an interest rate of 5% for 3 years. Find the simple interest she got?