Interest = P×R×T/100 , where T is ____________ R% is ____________ and P is ____________. Fill in the blanks to make the statement true.

Solution:

Given, Interest = P × R × T/100

We have to fill in the blanks to make the statement true.

Simple interest is a method to calculate the amount of interest charged on a sum at a given rate and for a given period of time.

I = P × R × T/100

The principal is the amount that was initially borrowed from the bank or invested. The principal is denoted by P.

Rate is the rate of interest at which the principal amount is given to someone for a certain time, the rate of interest can be 5%, 10%, or 13%, etc. The rate of interest is denoted by R.

Time is the duration for which the principal amount is given to someone. Time is denoted by T.

P = Principal

R = rate of interest per annum

T = time period

✦ Try This: Amount = P + I , where I is ____________ and P is ____________. Fill in the blanks to make the statement true.

☛ Also Check: NCERT Solutions for Class 7 Maths Chapter 8

NCERT Exemplar Class 7 Maths Chapter 7 Problem 52

Interest = P×R×T/100 , where T is ____________ R% is ____________ and P is ____________. Fill in the blanks to make the statement true

Summary:

Interest = P × R × T/100, where T is Time period, R% is Rate of interest per annum and P is Principal

☛ Related Questions:

• The difference of interest for 2 years and 3 years on a sum of ₹2100 at 8% per annum is _________. F . . . .
• To convert a fraction into a percent, we _________ it by 100. Fill in the blanks to make the stateme . . . .
• To convert a decimal into a percent, we shift the decimal point two places to the _________. Fill in . . . .