Calculate simple interest on 2000 @ 12 percent for one year with answer
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**FORMULA : Simple interest = (PRT)/100
**SOLUTION:
Here, P = 2000
R = 12
T = 1
Then,
Simple interest = (2000×12×1)/100
= 20×12
= 240
Hence,the simple interest is Rs. 240
**SOLUTION:
Here, P = 2000
R = 12
T = 1
Then,
Simple interest = (2000×12×1)/100
= 20×12
= 240
Hence,the simple interest is Rs. 240
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