Class Notes NCERT Solutions for CBSE Students
(b) Principal = Rs. 3000, Rate = 6%, Time = 9 months, Interest = ?
P × R × T/100 = interest
The time units must be the same when using the formula. The rate is given per year, but the time is given in months. So, we must divide the number of months by 12 to get the time in years.
3000 × 6/100 × 9/12 = 135
Interest = Rs. 135
(c) Principal = Rs. 15,000, Rate = 9%, Time = 73 days, Interest = ?
P × R × T/100 = Interest
The time units must be the same while calculating interest. The rate is given per year, but the time is given in days. So we must divide the number of days by 365 to get the time in years.
15000 × 9/100 × 73/365 = 270
So, interest = Rs. = 270
(d)
Interest = 5000 × 6/100 × 5/2 = Rs. 750
Amount = Rs. 5000 + Rs. 750 = 5750
(e) Rate of interest = 6%, Time = 2 years, Interest = Rs. 3600, Principal = ?
Principal = Interest ×100/Rate × Time
Principal = 3600 × 100/6 × 2 = Rs. 30,000
