Question

calculate simple interest when principal is Rs1000, Rate=3 pcpa and N=2years.​

Answer 1

Step-by-step explanation:

Given, principle (P) = 1000 /-

Time (t) = 2 years.

Rate of interest (r) = 5 %

We know, simple interest =100P.t.r

∴S.I.=100100×2×5=100/− 

∴ Simple interest is Rs. 100