Question

Mr.Afzal bought an article for Rs4400 for 3years at 8 percent what was the interest charge?

Answer 1

$\large\underline{\underline{\red{\rm\blue{\longmapsto} Step-by-step\: Explanation:-}}}$

Here , the given data is :

• Principal = Rs 4400 . ( P )
• Time = 3 years . ( T )
• Rate of Internet = 8% . ( R )

We can calculate Simple Interest using ,

$\boxed{\purple{\bf Simple\: Interest=\dfrac{P\times\:R\:\times\:T}{100}}}$

On substituting the respective values ,

⇒ SI = P × R × T / 100.

⇒ SI = Rs 4400 × 8 × 3 / 100 .

⇒ SI = Rs 44 × 8 × 3 .

⇒ SI = Rs 1,056 .

Hence the required Interest is Rs 1,056.