Question

Find Simple Interest on Rs 2000 at 4 p.c.p.a for a year​

Answer 1

Step-by-step explanation:

Principle amount = Rs. 2000

Rate of interest = 4 per cent

Time limit = 1 year

We know that

Simple interest

$\frac{p + r + t}{100} \\ = \frac{2000 \times 4 \times 1}{100} \\ = 20 \times 4 \times 1 \\ = 80$

The simple interest is Rs. 80 for a year.