Question

Fill in the blank : (a) Principal = Rs.600, Time = 2 years, Rate of Interest = 10% p.a. Simple Interest = ___.

Answer 1

SI = P*R*T/100

P= Rs 600 , R= 10% , and T= 2 yrs

SI= 600*10*2/100

  =120 /-

Answer is Rs 120/-

Answer 2

Solution:

P = Rs. 600

T = 2 years

R = 10% p.a.

Now,

Simple Interest = P × T × R / 100

= 600 × 2 × 10 / 100

= 120


Hence, the Required Simple interest is Rs. 120.