Question

9. The simple interest on 2,000 in 3 years and 8
months at rate of 3% per annum will be-​

Answer 1

Answer:

Principal = Rs 2000, Rate of Interest = 5% per annum and Time = 5 years. ... months) Simple interest = P×R×T100=12000×18×1100×3=Rs 720 ... A man borrowed Rs 8000 from a bank at 8% per annum.