The RD Sharma solution for class 7 for the chapter “Simple Interest” is given here. The questions are based on the latest syllabus of CBSE (Central Board of Secondary Education) according to the CCE guidelines.
When money is borrowed from a lender it is called the principal, a borrower is a person who borrows money and lender is money who lends money. Simple Interest is an interest that is charged on the money that is borrowed from a lender for a specific period of time.
The formula to calculate Simple Interest is given below:
Simple Interest = (P.T.R)/100 [where R = Rate of Interest per year, T = Time the money borrowed or invested, and P = Principal Amount.
Learn how to calculate simple interest through solved RD Sharma Class 7 Solutions that is provided. Get the detailed step by step solution in the table mentioned below.
|Chapter 13 Simple Interest|
|Simple Interest Exercise 13.1|