Question

Find the S.I. on ₹1000 for 2 years at 8% per annum.​

Answer 1

$given :-$

$s.i = \frac{principle \times rate \times time}{100}$

$s.i = \frac{1000 \times 8 \times 2}{100}$

$s.i = \frac{16000}{100} = rs \: 160$

➡ therefore , simple interest is rs 160.