Question

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

Answer 1

Answer:

160

Step-by-step explanation:

Answer 2

$\huge\underline\frak\red{Given}:$

$\tt \: Principle(P)=₹ 2000$

$\tt \: Time(T)= 6 \: months$

$\tt \: Rate(R)= 4\%\: per \: annum$

$\sf▶Here \: since \: the \: units \: of \: time \: and \: the \: rate \\ \sf are \: not \: same, \: so \: we \: will \: use \: the \: given \\ \sf below \: formula:$

$\bf \: Interest = PRT/100×12$

$\bf \: ⠀⠀⠀⠀⠀ = 2000×6×4/ 100×12$

$\bf \: ⠀⠀⠀⠀⠀ =₹ 40$

$\frak {Therefore, \: the \: simple \: interest \: will \: be \: \red{₹40.}}$