If the principle sum is Rs 5000 find the simple interest and the amount at the end of two years at the rate of 5%.

Given:

Principle = Rs 5000

Time = 2 yrs

Rate  = 5%

To Find: We have to find the simple interest.

Solution:

Simple interest SI =  $\frac{PTR}{100}$

= $\frac{(5000 \times2 \times 5)}{100}$

= Rs 500

The amount at the end of 2 yrs

= Principle $+$ SI = 5000 $+$ 500 = Rs5500

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Updated on: 10-Oct-2022

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