Tuesday 2 June 2015

SIMPLE INTEREST 1


Dikshi deposited the amount of 9000/= in a bank which gives an interest rate of 3% for 4 years. Find the simple interest she got.

Solution

I = ?,  P = 9,000/=, T = 4 years, R = 3%

I  = PRT
      100

I  = 9000 x 3 x 4
            100

I  = 9000 x 3 x 4
            100

I  = 90 x 3 x 4
          
I  = 1080/=

Hence the simple interest was Tsh 1080/=

TRY THIS………………….


Edmund deposited the amount of 50,000/= in a bank which gives an interest rate of 6% for 4 years. Find the simple interest she got?

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