A man gives rupees 40000 to a farmer at 5% rate of interest . how much interest would farmer pay him back after two years?
Answers
Answered by
9
Answer:
we know simple interest = (P*R*T)/100
Step-by-step explanation:
Given:
P= 40000
R=5%
T= 2 yrs
SI = (40000*5*2)/100
= Rs4000
Hope it is helpful
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