Question

find simple interest for Rs 4000 ay the rate of 6% for 2 years​

Answer 1

Step-by-step explanation:

The Formula for simple interest helps you find the interest amount if the principal amount, rate of interest and time periods are given.

Simple interest formula is given as:

SI = (P × R ×T) / 100

Where SI = simple interest

P = principal

R = interest rate (in percentage)

T = time duration (in years)

ATQ

P = 4000

R = 6%

T = 2

Putting these values in formula

SI = $\frac{4000*6*2}{100}=\frac{40*6*2}{1} = 480$

Therefore the simple interest is 480 rupees.

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