Find simple interest earned if rs 2000 was invested in a bank for 4 at 10% p.a
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Answer:
Step-by-step explanation:
Example 1: If Rs. 4000 is invested at 8% p.a. simple interest for 5 years, find the interest.
Sol: simple interest formula: 4000 × 8 × 5/100 = Rs. 1600
Example 2: If Rs 16,000 is invested at 12 percent simple annual interest, how much interest is earned after 6 months?
Sol: Since the annual interest rate is 12 %, the interest for 6 months is (16000x12x6)/12x100 = Rs. 960.
Answered by
0
Answer:
800
Step-by-step explanation:
simple interest=P*R*T/100
S.I=2000*10*4/100
800
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