Question

13. Find the simple interest on 1000 for 2 years at
8% per annum:​

Answer 1

Answer:

160

Step-by-step explanation:

si=pxtxr/100

si=1000x2x8/100

si=10x2x8

si=160

thus 160 is the answer.

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Answer 2

Answer:

SI(simple interest) =principal (P)×time (t) ×rate of interest (R)/100

Given : P=1000

T=2years

R=8%

Hence, required answer:

SI=PTR/100

SI=1000×2×8/100

SI=160 .