Question

find the simple interest on ₹ 400 for 1 year at the of 2 % per month​

Answer 1

₹96

Step-by-step explanation:

A. T. Q.

Principal amount (P) = ₹400

Rate of interest (R) = 2% per month

Time (T) = 1 year = 12 months

To find -

Simple interest (SI)

$s.i. = \frac{prt}{100} \\ \\ = \frac{4 \: \cancel{00 }\times 2 \times 12}{1 \cancel{00} } \\ \\ = 4 \times 2 \times 12 \\ \\ = 96$

So,

the simple interest is ₹96

hope it helps.