Question

find the simple interest and amount on rupees 500 for a period of 4 years at the rate of 8 Pa?​

Answer 1

S.I=PRT/100

SI=500*4*8/100

SI=160

Answer 2

Answer:

Simple Interest , According to question

we have to find the simple interest

as the Principal is = ₹500

Rate of interest = 8% per year

Time period = 4 years

and formula to find Simple interest is

$\frac{p \times r \times t}{100} \\ \\ = \geqslant \frac{500 \times 8 \times 4}{100} \\ \\ = \geqslant 5 \times 8 \times 4 \\ \\ = \geqslant 20 \times 8 \\ \\ = \geqslant 160$

Amount = S.I + Principal

A = 500 + 160

A = ₹660