Find the simple interest and the amount when the following are given.
Principle $= R s . 10, 000$ Rate $= 18$ % Time $= 7$ years

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Solution

$P = 10, 000, T = 7$ ,
$r = 18 % = 0.018$
$I = p r t$
$= (10000) (0.018) 7$
$= (70000) (0.018)$
$I = 1, 260$
$∴$ Simple Interest $= 1260$

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Find the rate of interest.

Principal = Rs. 10,000; time = 2 years; amount = Rs 12,000

$P r i n c i p a l$	$A m o u n t$	$S I$	$T i m e$	$R a t e$
$R s .10, 000$	$R s .11, 800$		$2$ YEARS

2 \frac{1}{2}

= R s . 1500, r a t e = 12 % p . a

t i m e = 3 y e a r s

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