Question
Find the simple interest and the amount on Rs 4000 at 9%
per annum for 4 years.Solution
Principal P = 4000 Rate R = 9% Time T = 4 years Simple Interest (SI) = (P × R × T) / 100 = (4000 × 9 × 4) / 100 = 4000 × 36 / 100 = 40 × 36 = 1440 Amount = Principal + Interest = 4000 + 1440 = 5440 Answers: Simple Interest = Rs 1440 Amount = Rs 5440
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