Question

A sum of money Rs 8000 amount to Rs 10,000 for 5 years what will be simple interest?​

Answer 1

The simple interest is already given to you .

I think you have to find the rate because there is no rate given.

So, let the rate be X

formula is

SI=P*R*T/200

Given

SI=8000

PRINCIPAL=10000

TIME=5

8000=10000*X*5/100

8000=500x

X=8000/500

X=16%.

HOPE IT WILL REALLY BE HELPFUL TO YOU.