Question

Find the interest on ₹25,000 for a period of 4year at the rate of 8%per annum also, find the amount to be paid at the end of the period ​

Answer 1

Hello friend here is the answer :-

Simple interest=P*R*T/100

SI= rs 25000*8*4/100=8000 rs

amount=principal+SI= rs 25000+8000= rs 33000

therefore the amount to be paid is  Rs 33,000 and the interest is  Rs 8,000

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Answer 2

S.I= P*R*T/100
= 25000*8*4/100
S.I = Rs 8000

amount= Principal - S.I
amount= 25000+8000
amount= Rs 33000