Question

Find the simple Interest of ₹400 for 3 years at 4%​

Answer 1

Answer:-

Simple Interest:- (P × R × T) / 100

= (400 × 4 × 3) / 100

= (4 × 4 × 3)

= 16 × 3

= 48

Therefore, Simple Interest = Rs. 48.

Answer 2

Answer:

=> The Simple Interest is ₹ 48.

Step-by-step explanation:

Given that:-

Principle = ₹ $400$

Rate = $4$ %

Time = $3$ years

To find:- The simple interest = ?

The formula to be used:-

Simple Interest =

$\frac{P \times R \times T }{100}$

Now plug the formula,

=> S.I = $\frac{400\times 4\times 3}{100}$

=> S.I = ₹ 48

Hence, the required solution is ₹ 48.