Question

find the profit when interest is rs.200, rate per annum 8%, time is 4 years.

Answer 1

we know,
S. I = p r t /100
So, S. I=rs200
rate=8%
time =4yrs
profit have to find;
200=p*8*4/100
p=rs625
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Answer 2

here is your answer...

SI=P×R×T
________
100

=200×8×4
________
100

=64 (answer)

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