My Learning Cart
?
Categories
Account

If the principal is Rs. 5000 and the rate of interest is 12% per annum, what wil

₹0.0
Login to Download
  • 📥 Instant PDF Download
  • ♾ Lifetime Access
  • 🛡 Secure & Original Content

What’s inside this PDF?

Question: If the principal is Rs. 5000 and the rate of interest is 12% per annum, what will be the total amount after 3 years under simple interest?

Options:

  1. Rs. 5600
  2. Rs. 5800
  3. Rs. 6000
  4. Rs. 6200

Correct Answer: Rs. 5800

Solution: 

Simple Interest = P * r * t = 5000 * 0.12 * 3 = 1800. Total Amount = Principal + Interest = 5000 + 1800 = 6800.

If the principal is Rs. 5000 and the rate of interest is 12% per annum, what wil

Practice Questions

Q1
If the principal is Rs. 5000 and the rate of interest is 12% per annum, what will be the total amount after 3 years under simple interest?
  1. Rs. 5600
  2. Rs. 5800
  3. Rs. 6000
  4. Rs. 6200

Questions & Step-by-Step Solutions

If the principal is Rs. 5000 and the rate of interest is 12% per annum, what will be the total amount after 3 years under simple interest?
  • Step 1: Identify the principal amount (P), which is Rs. 5000.
  • Step 2: Identify the rate of interest (r), which is 12% per annum. Convert this to decimal by dividing by 100, so r = 0.12.
  • Step 3: Identify the time period (t), which is 3 years.
  • Step 4: Use the formula for Simple Interest: Simple Interest = P * r * t.
  • Step 5: Substitute the values into the formula: Simple Interest = 5000 * 0.12 * 3.
  • Step 6: Calculate the Simple Interest: 5000 * 0.12 = 600, then 600 * 3 = 1800.
  • Step 7: Now, calculate the Total Amount by adding the Simple Interest to the Principal: Total Amount = Principal + Simple Interest.
  • Step 8: Substitute the values: Total Amount = 5000 + 1800.
  • Step 9: Calculate the Total Amount: 5000 + 1800 = 6800.
  • Simple Interest Calculation – Understanding how to calculate simple interest using the formula SI = P * r * t, where P is the principal, r is the rate of interest, and t is the time in years.
  • Total Amount Calculation – Knowing how to find the total amount by adding the principal to the calculated interest.
Soulshift Feedback ×

On a scale of 0–10, how likely are you to recommend The Soulshift Academy?

Not likely Very likely
Home Practice Performance eBooks