Question

Calculate the simple interest on ₹ 10000 at 5 p.c.p.a. for 2 years can you please help me with this sum ​

Answer 1

Answer :-

Given :-

• Principal = ₹10000
• Rate of interest = 5% p.a.
• Time = 2 years

To Find :-

• Simple interest

Solution :-

We know that

Simple interest = P × R × T / 100

Substituting the value in formula :-

→ SI = 10000 × 5 × 2 / 100

→ SI = 100 × 5 × 2

→ SI = 100 × 10

→ SI = 1000

Simple interest = ₹1000

Answer 2

Answer:

Given :-

• Principal = ₹ 10,000
• Rate = 5%
• Time = 2 years

To Find :-

Simple Interest

Solution :-

According to the Question $\star$

We need to find simple Interest

${ \boxed{ \pmb{ \red{ \underline{ \bf SI = \dfrac{PRT}{100}}}}}}$

Where

SI = Simple Interest

P = Principal

R = Rate

T = Time

$\sf \longrightarrow \: SI = \dfrac{10000 \times 5 \times 2}{100}$

$\sf \longrightarrow \: SI = 100 \times 5 \times 2$

$\sf \longrightarrow \: SI = 1000$