Find the simple interest.If Rs400 for 4 years at 5% per annum is deposited.
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Answered by
38
Given :
- Principal = Rs.400
- Rate = 5 %
- Time = 4 years
To Find :
- Simple Interest = ?
SolutioN :
Formula Used :
Calculating the Simple Interest :
Simple Interest on this sum of money is Rs.80 .
Answered by
5
According to question
✠ Given that:-
- Principal = ₹400
- Time = 4 years
- Rate = 5%
✠ To find:-
- Simple interest per annum.
✠ Formula used:-
Where,
- P=Principal
- R=Rate
- T=Time
- SI=Simple interest
✠ Solution:-
Hence, The simple interest would be ₹80 if the
- Principal=₹400
- Rate=5%
- Time=5 years
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