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Find the intrest and the amount in the following cases $ 10000 for 3 year at 5/ per a |
| Answer» N :-find the interest and the amount in the FOLLOWING cases $ 10000 for 3 years at the RATE of 5% per annum.Answer :-Simple interest = 1500.The total amount = 11,500.Given :-The principal = $10000Rate = 5%Time = 3 years.To find :-The simple interest.The total amount.Step by step EXPLANATION :-As we know , We need to find simple interest by the data given to us. To find simple interest, There is a forumla let's see the FORMULA and know how to do it :Formula:Solution:By applying the formula , We get :First cute off all the zeros , We have :Now, We will multiply the remaining numbers.So, The simple interest is $1500.Now, For amount:Let's use this formula :By applying this formula, We get :So, The amount is 11,500. | |