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Byju's Answer
Standard VII
Mathematics
Interest
Find the inte...
Question
Find the interest on
R
s
10
,
000
for
3
1
4
y
e
a
r
s
at the rate of
3.4
%
p.a. Also find the amount.
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Solution
Principal sum
=
R
s
.
10000
t
=
3
1
4
years
=
3.25
years
r
=
3.4
%
As we know that,
S
.
I
.
=
P
×
r
×
t
100
⇒
S
.
I
.
=
10000
×
3.4
×
3.25
100
⇒
S
.
I
.
=
R
s
.
1105
Therefore,
Amount
=
P
+
S
.
I
.
=
10000
+
1105
=
R
s
.
11105
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