Find the simple interest and the total amount after three years. Principal = 7800 rupees
Annual rate of interest = 9.5%
Total interest =_rupees
Total amount =_rupees

Step-by-step explanation:

♨ Given :Principal ( P ) = 7800 rupeesAnnual rate of interest ( R ) = 9.5 %Time ( T ) = 3 years♨ To find :Total interest ( I ) = ?Total amount ( A ) = ?✎ Finding the total interest :

The total interest = 2223 rupees.

✎ Finding the total Amount :

The total amount = 10023 rupees.

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☞ Additional Info :Principal : The money which is borrowed or deposited is called principal ( P ).Interest : The additional amount of money which is paid by borrower to the lender is called Interest ( I ) .Time : The duration of time for which principal is deposited or borrowed is termed as time period ( T ).Rate : The condition under which the interest is charged is called rate ( R ).Amount : The sum of principal and interest is called an amount ( A ).✑ Important Formulaes :

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