A sum of rupees 400 is lent at the rate pf 5% per annum. Find the interest at the end of 2 years .
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Answered by
14
Answer:
Step-by-step explanation:
Answer is 40
Answered by
147
Step-by-step explanation:
⭐Question:-
A sum of rupees 400 is lent at the rate pf 5% per annum. Find the interest at the end of 2 years .
⭐Answer:-
Given:-
Principal amount P = Rs 400
Time period T = 2 years
Rate of interest R = 5%
We know that simple interest =
(P × T × R)/100
On substituting these values in above equation we get ,
SI = (400 × 2 × 5)/100
= Rs 40 (Ans)
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