Question

find the interest when principal = rupees 1000,time =1 year,rate =8%p.a.

Answer 1

si = (1000*1*8) /100 =80
here principal = 1000
rate = 8 percent
time = 1 yr
then simple interest = 80

Answer 2

S.I. = PRN/100
S.I.= 1000×1×8/100
S.I.= 80
S.I. = 80
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