Question

Find the simple interest and the amount at simple interest for $Rs.184$ for $2$ years at $5\%p.a$.

Answer 1

Given

Principal,$P=Rs.184$

Rate,$R=5\%$p.a

Time,$T=2$ years

$SI=\frac{P\times R\times T}{100}=Rs.\frac{184\times 5\times 2}{100}=Rs.18.4$

Amount$=P+SI=Rs.(184+18.4)=Rs.202.4$

Hence, the simple interest is $Rs.18.4$ and the amount is $Rs.202.4$