Question

Calculate the simple interest for a principal of 2000 rupees at the rate of 4% interest for two years????

Answer 1

SI=(PRT) /100
where P=principal=2000rs
r=rate=4%
t=time=2years
SI=(2000*4*2)/100
SI=20*4*2=1600

Answer 2

principle = Rs. 2000
Rate= 4% p.a
Time = 2

simple interest = p ×r × t/100
= 2000 × 4 × 2 /100
= 160
Ans:- Rs. 160