Calculate the interest for each of the following cases. (a) P=250, n = 2 years, r = 5% solution
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Step-by-step explanation:
that is the answer.it is very easy
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Answer:
Given :-
- The principal is Rs 250, time period is 2 years and the rate of interest is 5%.
To Find :-
- What is the simple interest.
Formula Used :-
Simple Interest Formula :
where,
- S.I = Simple Interest
- P = Principal
- r = Rate of Interest
- n = Time Period
Solution :-
Given :
- Principal = Rs 250
- Time Period = 2 years
- Rate of Interest = 5%
According to the question by using the formula we get,
The simple interest is Rs 25 .
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