Question

A man takes a loan of Rs.
2000 at the rate of 5% for a
period of 2 years. Calculate
the simple interest
that he will be required to
pay on a loan?​

Answer 1

Answer:

200 is the answer

Step-by-step explanation:

formula of S.I. =P×R×Tdivded by 100

so, 2000×5×2divided by hundred

results to 200

Answer 2

Step-by-step explanation:

p=2000/-

r=5%

t=2 years

s.i=PTR/100

=2000×2×5/100

=200

simple interest=200/-