Question

5) What is the simple interest on
40,000 for 5 years at 12% p.a.?​

Answer 1

Answer:

simple interest= P•R•T÷100

40000×5×12÷100

Answer= 24000

Answer 2

Answer:

p = Rs. 40000

T= 5yrs

R=12%

Now, we know that ,

simple interest =( P*T*R )/100

=(40000* 5*12)/100

=2400000/100

= 24000 is the answer

thank you have peaceful day