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Find the simple interest on Rs. 800 at 7% per annum and on Rs. 700 at 16% p.a. and on Rs. 500 at 4% p.a. for 2 years.Options376350367476

Question

Find the simple interest on Rs. 800 at 7% per annum and on Rs. 700 at 16% p.a. and on Rs. 500 at 4% p.a. for 2 years.Options376350367476

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Solution 1

To find the simple interest, we use the formula:

Interest = (Principal * Rate * Time) / 100

Let's calculate it for each amount:

  1. For Rs. 800 at 7% per annum for 2 years: Interest = (800 * 7 * 2) / 100 = Rs. 112

  2. For Rs. 700 at 16% per annum for 2 years: Interest = (700 * 16 * 2) / 100 = Rs. 224

  3. For Rs. 500 at 4% per annum for 2 years: Interest = (500 * 4 * 2) / 100 = Rs. 40

Now, add all the interests together: Total Interest = 112 + 224 + 40 = Rs. 376

So, the simple interest on Rs. 800 at 7% per annum and on Rs. 700 at 16% p.a. and on Rs. 500 at 4% p.a. for 2 years is Rs. 376.

This problem has been solved

Solution 2

To find the simple interest, we use the formula:

Interest = (Principal * Rate * Time) / 100

For Rs. 800 at 7% per annum for 2 years: Interest = (800 * 7 * 2) / 100 = Rs. 112

For Rs. 700 at 16% per annum for 2 years: Interest = (700 * 16 * 2) / 100 = Rs. 224

For Rs. 500 at 4% per annum for 2 years: Interest = (500 * 4 * 2) / 100 = Rs. 40

Adding all the interests together: Total Interest = 112 + 224 + 40 = Rs. 376

So, the simple interest on Rs. 800 at 7% per annum and on Rs. 700 at 16% p.a. and on Rs. 500 at 4% p.a. for 2 years is Rs. 376.

This problem has been solved

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