Question

27. The simple interest of Rs.500
borrowed for 4 years @ 10% per
year is​

Answer 1

Answer:

Let the Simple interest be x

P = Price

R=Rate

T=Time

x = P× R× T/100

(formula to calculate simple interest)

x= 500× 10× 4/100

x= 5×10×4

x= 20×10

x= 200

So the simple interest is Rs.200

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Answer 2

Step-by-step explanation:

SI= P*R*T/100

P=500rs.

R=10%

T=4 years

SI=500*10*4/100

=20000/100

SI=200Rs.

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