Question

1. Find the simple interest on
(a) 300 for 2 years at 4%
​

Answer 1

Answer:

Rs.24

Step-by-step explanation:

P = initial amount in Rupees = 300

R = rate of interest per cent per year = 4

T = time period in years = 2

SI = Simple interest earned

SI = P*R*T/100

    = 300*4*2/100

    = 3*4*2

    = 24

Simple interest earned is Rs.24

Answer 2

Step-by-step explanation:

SIMPLE INTEREST = PRINCIPAL × RATE × TIME /100

SI = 300 × 4 × 2 / 100

SI = 2400 / 100

SI = 24

AMOUNT = PRINCIPAL + INTEREST

= 300 + 24

= 324