Question

16. Find the simple interest for the principal amount Rs.40,000 at the rate of 8% per annum for 2 years.​

Answer 1

Step-by-step explanation:

Simple Interest =(P×R×N) /100

Here

P=40000

R=8%

And N=2 year

SI =(40000×8×2)/100

SI =640000/100

Si = 6400

Answer 2

Step-by-step explanation:

simple interest is 1600

8 percentage =8/100×40,000

8×400 =3200

3200/2=1600,,