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?