Question

5) What is the simple interest earned over a period of six years on a principal of ₹20,000
at a rate of 5% per annum?​

Answer 1

Answer:

6o,oo,ooo

Step-by-step explanation:

hope it helps

Answer 2

Answer:

The simple interest earned over a period of six years on a principal of ₹20,000 at a rate of 5% per annum is ₹6000.

Step-by-step explanation:

Given: Principal (P) = Rs 20,000

Time (N) = 6 years

Rate (R) = 5%

Find: Simple interest

Simple interest = $\frac{P \times N \times R}{100}$

$= \frac{20000 \times 6 \times 5}{100} \\= 200 \times 30\\= 6000 Rs$

So,  the simple interest earned over a period of six years on a principal of ₹20,000 at a rate of 5% per annum is ₹6000.