Question

1) Find the simple interest in the following cases,
(i) ₹1000 for 2 years of 5%p.a.

Answer 1

Answer:

INTEREST IS 100/-

Step-by-step explanation:

I = PTR/100

P = 1000

T = 2

R = 5

I = 1000×2×5/100

I = 10000/100

I = 100/-