Question

Find simple interest, if P-2000, R-10 p.a.p.c., for 2 years.​

Answer 1

Given :-

• Principal amount is Rs 2,000
• Rate of interest is 10 %
• Time for which it is invested is 2 years

To Find :-

• The Simple interest

Solution :-

~Here, we’re given the principal , rate of interest, time and we need to find the simple interest. We can  easily find the simple interest by putting the values in the formula.

____________

As we know that ,  

★ SI = P × r × t /100

 

Where,  

• p is principal
• r is rate of interest
• t is time
• SI is simple interest

Finding the simple interest :-  

⟼ 2000 × 10 × 2 / 100

⟼ 20 × 10 × 2

⟼ 200 × 2

= Rs 400

____________

Hence,  

• The simple interest is of Rs. 400

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Answer 2

Given :

• Principal (P) = Rs. 2000
• Rate (R) = 10%
• Time (T) = 2 years

To Find :

• Simple interest

Solution :

✬ As here In the Question we have to find the Simple interest and we are Given Principal, rate of intrerst and time. We know that formula of Simple interest is Principal × Rate × Time/100. By Putting the values in the formula we can easily find the Simple interest

S.I = P × R × T/100

Where,

• P = Principal
• R = Rate
• T = Time

Putting values in formula

➛ S.I = 2000 × 10 × 2/100

➛ S.I = 20000 × 2/100

➛ S.I = 40000/100

➛ S.I = Rs. 400

Required Simple interest is Rs. 400