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Karaja borrowed sh. 25,000/= at the
rate of4 % per year simple interest for
2 years.
Calculate the simple interest and the
amount at the end of the period. Use
formula
Answers
Answered by
1
Answer:
rupees 2000
Step-by-step explanation:
P = 25000
R = 4%
T = 2 year
Simple Interest = P × R ×T ÷ 100
=25000 × 4% × 2 year ÷ 100
= rupees 2000.
Thus, Simple Interest = rupees 2000
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