Find the simple interest of rupees 1000 kept for 2 years at 3% rate of interest
Answers
Answered by
0
Answer:
(1000*3*2)/100=60
hope it helps you
Answered by
0
Answer:
(P) = 1000 /-
Time (t) = 2 years.
Rate of interest (r) = 5 %
We know, simple interest =
100
P.t.r
∴S.I.=
100
100×2×5
=100/−
∴ Simple interest is Rs. 100
∴ option A is correct.
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