Question

find the simple interest of rs 1000 kept for 2years at 3% rate of interest​

Answer 1

Answer:

Principal (P) = RS. 1000

Time (T) = 2 years

Rate (R) = 3%

Simple Interest (SI) = prt

100

= 1000 x 3 x 2

100

= RS. 60

Therefore, Here SI (Simple Interest) is RS. 60

Answer 2

Answer:

₹ $60$

Step-by-step explanation:

We know that simple interest = $\frac{P \times R \times T }{100}$

where,

• $P$ = Principal = ₹ $1000$
• $R$ = Rate = $3 \%$
• $T$ = Time = $2$ years

Substituting these values in the formula we get,

simple interest = $\frac{1000 \times 3 \times 2}{100}$ = $60$

Therefore, rate of interest = ₹ $60$

Hence, the rate of interest is ₹ $60$

#SPJ3