Aman invested ₹6,000 in a scheme that gives 5% simple interest per annum. What will be the interest earned and the total amount after 5 year?
Aman invested ₹6,000 in a scheme that gives 5% simple interest per annum. What will be the interest earned and the total amount after 5 year?
अमन ने एक योजना में ₹6,000 का निवेश किए जो 5% वार्षिक साधारण ब्याज देती है। 5 वर्षों के बाद अर्जित ब्याज और कुल राशि कितनी होगी?
Detailed Solution & Logic
SI =₹1,500; Total = ₹7,500/ एसआई =₹1,500; कुल = ₹7,500
Solution:
Principal $P = 6000$, Rate $R = 5%$, Time $T = 5$ years
Simple Interest:
$SI = \frac{P \times R \times T}{100}$
$SI = \frac{6000 \times 5 \times 5}{100} = 1500$
Total Amount:
$A = P + SI = 6000 + 1500 = 7500$
Answer:
Interest = ₹1500
Total Amount = ₹7500
Similar Practice Questions
A person deposited ₹2,500
A person deposited ₹2,500 in a bank that pays 8% simple interest. He withdrew ₹1,000...
Mandar has two grandsons ketan and Tushar.
Mandar has two grandsons ketan and Tushar. 11 year old ketan gets some money from...
Yogesh invested a certain amount of money in HDFC at an annual interest rate of 4%. If after 2 years, he receives ₹229.5 as compound interest compounded annually, what would be the corresponding simple interest (in ₹)?
Yogesh invested a certain amount of money in HDFC at an annual interest rate of...
Find the simple interest (in₹) on ₹2500
Find the simple interest (in₹) on ₹2500 as a sum borrowed at 6% per year...
Find the simple interest (in ₹) on ₹2500
Find the simple interest (in ₹) on ₹2500 as a sum borrowed at 7% per...
Nitin has ₹1617 with him.
Nitin has ₹1617 with him. He divided it amongst his sons Pravin and Rishi and...
Find the simple interest (in ₹) on ₹3500
Find the simple interest (in ₹) on ₹3500 as a sum borrowed at 5% per...