Find amount : Amount = Simple Interest + Principal at Algebra Den

Arithmetic

Additive Identity
Arithmetic Progression
Associative Property
Averages
Brackets
Closure Property
Commutative Property
Conversion of Measurement Units
Cube Root
Decimal
Distributivity of Multiplication over Addition
Divisibility Principles
Equality
Exponents
Factors
Fractions
Fundamental Operations
H.C.F / G.C.D
Integers
L.C.M
Multiples
Multiplicative Identity
Multiplicative Inverse
Numbers
Percentages
Profit and Loss
Ratio and Proportion
Simple Interest
Square Root
Unitary Method

Algebra

Cartesian System
Order Relation
Polynomials
Probability
Standard Identities & their applications
Transpose

Geometry

Basic Geometrical Terms
Circle
Curves
Angles
Define Line, Line Segment and Rays
Non-Collinear Points
Parallelogram
Rectangle
Rhombus
Square
Three dimensional object
Trapezium
Triangle
Quadrilateral

Trigonometry

Trigonometry Ratios

Data-Handling

Arithmetic Mean
Frequency Distribution Table
Graphs
Median
Mode
Range

Videos
Solved Problems

Home >> Simple Interest >> Amount >>

Find amount : Amount = Simple Interest + Principal

Amount Compound Interest Difference between Simple & Compound Interest

Formula to calculate amount
Amount = Simple interest + Principal

Let solve following problems for further understanding:

Problem 1 - Find interest on Rs 1000 for 2 years at 5% rate
Answer
Principal = Rs 1000
Time = 2 years
Rate of interest = 5%

Simple interest = (PRT) / 100
= (1000 X 2 X 5) /100
= Rs 100

Amount = Simple interest + Principal
= 100 + 1000
= Rs 1100

Problem 2 - Find interest on Rs 2000 for 2.5 years at 10% rate
Answer
Principal = Rs 2000
Time = 2.5 years
Rate of interest = 10%

Simple interest = (PRT) / 100
= (2000 X 2.5 X 10) /100
= Rs 500

Amount = Simple interest + Principal
= 500 + 2000
= Rs 2500

Problem 3 - Find interest on Rs 5000 for 1 years at 11% rate
Answer
Principal = Rs 5000
Time = 1 years
Rate of interest = 11%

Simple interest = (PRT) / 100
= (5000 X 1 X 11) /100
= Rs 550

Amount = Simple interest + Principal
= 550 + 5000
= Rs 5550