Question

3.
Find the simple interest on 2,000 for six months at the rate of 4
of a
% per
96​

Answer 1

Question :-

• Find the simple interest on 2000 for six months at the rate of 4% per annum.

Answer :-

• The simple interest is 40.

To find :-

• The simple interest.

Step-by-step explanation :-

• Here, the principal, rate and time are given to us. We have to find the simple interest!

We know that :-

$\underline{ \boxed{ \sf SI = \dfrac{Principal \times Rate \times Time}{100}}}$

Where,

• SI = Simple Interest.

Here,

• Principal = 2000.
• Rate = 4% per annum.
• Time = 6 months = 6/12 years.

Therefore,

$\implies \rm SI = \dfrac{2000 \times 4 \times 6}{100 \times 12}$

Cutting off the zeroes,

$\rm \implies SI = \dfrac{20 \times 4 \times 6}{1 \times 12}$

Cancelling the numbers,

$\implies \rm SI = \dfrac{20 \times 1 \times 2}{1 \times 1}$

$\rm\implies SI = \dfrac{40}{1}$

$\implies \rm SI = 40$

Hence :-

• The simple interest is 40.

________________________________

Know more :-

What is simple interest?

• The interest calculated on the original money (principal) at given rate of interest for any given time is called simple interest.