1. Finding Interest and Amount

2. Recap on simple interest
Amount = Principal + Interest
Where n is in years

3. interest and the amount received by him at the end of 3 years.
Example 1:- Ravi invested 8,000 for 3 years at 14% per annum. Find the simple
interest and the amount received by him at the end of 3 years.
Solution:
Given:- p= , n=3 , r= To Find:- Simple Interest(SI), Amount(A)
I = Rs.3360
A = P + I =
= 11360
Ans: The amount received by ravi is 11,360

4. Example 2: - Priya deposited Rs
Example 2: - Priya deposited Rs.7,000 in bank at the Rate of 8% yearly for 6
years. Find Simple interest and Amount she received.
Solution:
Given: Principal(P)=7000 , Rate(r)=8% per year , Period(n)=6 years.
To find : Simple Interest(I) and amount
We know that
S.I = 70 x 6 x 8
S.I = 3360
We know that Amount = Principal + Interest
Amount = = 10360
Ans:- Simple interest = Rs 3360 and Amount = Rs 10360

5. Try these
Priya deposited Rs.7,000 in bank at the Rate of 8% yearly for 6 years. Find Interest and Amount she received.