Question

A man gives rupees 40000 to a farmer at 5% rate of interest . how much interest would farmer pay him back after two years?​

Answer 1

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