Question

Determine the simple interest for a loan of Rs 450 at 5% for 2 years.

Answer 1

Answer:

Rs 45

Step-by-step explanation:

SI =

$\frac{prt}{100}$

$si = \frac{450 \times 5 \times 2}{100}$

=Rs 45 is the interest

Answer 2

Answer:

SI = PRN / 100

= 450 ×5×2 /100

→ 45×1×1

SI = ₹ 45