If principal is 1000,rate is10%, year is 9 then what is simple intrest
Principal amount - 1000
Rate- 10%
Time- 9 yrs
SI= PxRxT/100
SI= 1000x10x9/100
SI=900
using the formula of simple interest
SI=P×R×T/100
Where:
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Principal = 1000
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-
Rate = 10
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Time= 9 yrs
SI=1000*10*9/100 = 900........... simple interest = 900
I hope u got the answer. by the given formula u can solve any questions based on simple interest.
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