Question

find simple interest 50,000 for 2 years at 4%​

Answer 1

Answer :-

• The simple interest on Rs 50,000 for 2 years at the rate of 4% per annum is Rs 4000.

Given :-

• Principal = Rs 50000.
• Time = 2 years.
• Rate = 4%.

To find :-

• The simple interest.

Step-by-step explanation :-

Let's understand!

The question has given us the principal, rate and time. We have to find the simple interest. For this, we are going to use the formula required for finding the simple interest.

Calculations :-

We know that :-

$\sf Simple \: Interest = \dfrac{P \times R\times T}{100}$

Let's use this formula to find the answer.

Therefore, we get :-

$\sf Simple \: Interest = \dfrac{500\!\!\! \not0\!\!\! \not0 \times 4\times 2}{1 \!\!\!\not0 \!\!\!\not0}$

Cutting off the zeroes,

$\sf Simple \: Interest = \dfrac{500 \times 4 \times 2}{1}$

Now, since the denominator is 1, therefore let's multiply the remaining numbers.

$\sf500 \times 4 \times 2$

Multiplying the numbers,

$\sf\Rightarrow4000.$

Therefore, the simple interest = Rs 4000.