Math, asked by Hooh, 11 months ago

Find the simple interest on 500 for 5 years at the rate of 2% per annum

Answers

Answered by Anonymous

10

interest on hundred for one year = 2

interest on one for one year = 2/100

interest on 500 for one year = 2×500/100

interest on 500 for 5 year = 2×500×5/100

= 50

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