Question

Find the simple interest of ₹ 1000 kept for 2 years at 3 % rate of interest.​

Answer 1

Given:

Simple interest = ₹ 1000

Time = 2 years

Rate = 3 %

Solution:

SI = PRT/100

SI = (1000 × 3 × 2) /100

SI = ₹ 60 Ans

Answer 2

Answer:

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Given:-

Rate of interest 3%

Time-2 year

To find simple interest.

$\boxed{ \sf \: \frac{1000 \times 2 \times 3}{100} } = \frac{6000}{100}$

Hence Answer is Rs. 60

Simple interest is Rs. 60