Question

find the interest on 500 rupees for a period of 3 years at the rate of 4% per annum

Answer 1

Answer:

Rs.60

Step-by-step explanation:

we know that

Si=ptr/100

(500*3*4)/100

Rs.60

Answer 2

Step-by-step explanation:

p=  500

r=4%

t=3 years

I= p×r×t/100

I= 500×4×3/100

I= 5×4×3

I= 60