Question

Find the Simple Interest for p = 2000, r = 5% and n = 2 years
Find the simple interest for the principal amount 2000 invested at a rate of 5% for 2 years?

Answer 1

Given,
P=Rs.2000
R=5%
T=2 years

SI=PRT/100

SI=(2000×5×2)/100
SI=Rs.200(Answer).