Priya
deposited the amount of 210,000/= in a bank which gives an interest rate of 3%
for 5 years. Find the simple interest she got.
Solution
I
= ?, P = 210,000/=, T = 5 years, R = 3%
I
= PRT
100
I
= 210,000 x 3 x 5
100
I
= 210,000 x 3 x 5
100
I
= 2100 x 3 x 5
I
= 31,500/=
Hence
the simple interest was Tsh 31,500/=
TRY THIS………………….
Edmund
deposited the amount of 70,000/= in a bank which gives an interest rate of 2%
for 4 years. Find the simple interest he got?
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