Question

find the simple interest (e) ? 200 for 8 months at 5%.​

Answer 1

Answer:

Basically, simple interest (S.I) is the interest calculated on the principal value or we can say that, original value.

Given,

Principal amount, P = Rs. 200.

Rate of interest, R = 5 paise per rupee per month = 5100 rupees per month = 0.05 rupees per month.

Time period, T = 7 months.

Now, we know that simple interest (S.I) can be calculated by using the formula,

⇒S.I = P×R×T

Putting all the given values in the above formula, we will get

⇒S.I = 200×0.05×7

⇒S.I = Rs. 70

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