Question

Find the intrest on a sum of Rs 1000 for 2 years at rate of 4% per anum​

Answer 1

Answer :-

• The simple interest on a sum of Rs 1000 for 2 years at a rate of 4% per annum is Rs 80.

Given :-

• Principal = Rs 1000.
• Rate = 4% per annum.
• Time = 2 years.

To find :-

• The simple interest.

Step-by-step explanation :-

We know the principal, rate and time.

We are asked to find the simple interest.

We know that :-

${\boxed {\mathfrak {Simple\: Interest = \frac{P \times R \times T}{100}}}}$

So let's apply this formula.

Substituting the values, we get :-

$\sf Simple\: Interest = \dfrac{1000 \times 4\times 2}{100}$

Cutting off the zeroes, we get :-

$\sf Simple\: Interest = \dfrac{10\times4\times2}{1}$

Now let's multiply the remaining numbers.

$\sf 10 \times 4 \times 2$

Multiplying the numbers, we get :-

$\sf \Rightarrow 80.$

So, the simple interest is Rs 80.