Question

find the simple interest for amount of 400000,rate 2%,p.a and time=20 months.​

Answer 1

Answer:

Hey friend,

Here is the answer you are searching for,

$simple \: interest \\ = \frac{principle \: \times rate \: \times time}{100} \\ given \\ principal \: = 400000 \\ rate = 2\% \\ time = \frac{20}{12} year \\ = > simple \: interest \\ = \frac{400000 \times 2 \times \frac{20}{12} }{100} \\ = 4000 \times 2 \times \frac{20}{12} \\ = 8000 \times \frac{20}{12} \\ = 13333.33$

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