Question

Find the simple interest on 2,000 for six months at the rate of 4 % per annum.​

Answer 1

Principal (P) = Rs 2000

Rate of Interest (R) = 4 whole  % per annum = 4.5 % p.a

Time (T) = 6 months =  years =  years = 0.5 years

To be found :-

The Simple Interest (S.I)

 S.I = Rs 45

Hence

The Simple Interest (S.I) = Rs 45

Answer 2

Here, as per the provided question we have to find the simple interest –

GIVEN :

• Principal = ₹2,000
• Rate of interest = 4% per annum (p.a)
• Time = 6 months

TO FIND :

• Simple interest = ?

STEP-BY-STEP EXPLANATION :

Now, first of all as per the provided basic information regarding the question. We'll have to find the simple interest –

So, as we know that we will have to convert 6 months into year then, after converting 6 months into year we'll get ans. → 6 months = ½ year

• Principal = ₹2,000
• Rate of interest = 4% per annum
• Time = 6 months = ½ year

Formula used :

• Simple interest = P × R × T / 100

[ substituting the values as per the formula ] :

→ Simple intrest = P × R × T / 100

→ Simple intrest = 2,000 × 4 × 1 /100 × 2 = ₹40

Therefore, when 2,000 × 4 × 1 / 100 × 2 is reduced we got here the answer as 40. Hence, simple interest for principal = ₹2,000 ; time = 6 months and Rate = 4% = ₹40 (Simple intrest)