If we have principal (P), rate (r), and time (t), then the value of the simple interest (S.I) is given as follows:
S.I=(P×r×t)/100
Complete step by step answer:
In the given question, we have been given P = Rs. 800, r = 5 % and t = 3 years. Now we know that if we have P, r and t, then the S.I is given as follows:
S.I=(P×r×t)/100......(i)
We will substitute the values of P, r and t in the equation (i) and we get,
S.I=(800×5×3)/100
On multiplying the terms of the numerator, we get
S.I=12000/100
On canceling the zeros and simplifying it further, we get
S.I = Rs. 120
Hence, we get the value of S.I as equal to Rs. 120
If we have principal (P), rate (r), and time (t), then the value of the simple interest (S.I) is given as follows:
S.I=(P×r×t)/100
Complete step by step answer:
In the given question, we have been given P = Rs. 800, r = 5 % and t = 3 years. Now we know that if we have P, r and t, then the S.I is given as follows:
S.I=(P×r×t)/100......(i)
We will substitute the values of P, r and t in the equation (i) and we get,
S.I=(800×5×3)/100
On multiplying the terms of the numerator, we get
S.I=12000/100
On canceling the zeros and simplifying it further, we get
S.I = Rs. 120
Hence, we get the value of S.I as equal to Rs. 120