Find the simple interest on ₹ 500 for five years at the rate of 2% per annum
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Answer:
Answer (₹50) ,Simple Interest and amount is ₹550
Step-by-step explanation:
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Answer:
SI = 50
Step-by-step explanation:
Given;
Principal = 500
Time = 5 years
Rate = 2 %
SI = P × R × T / 100
SI = 500 × 2 × 5 / 100
SI = 500 × 10 / 100
SI = 5000 / 100
SI = 50
Hope it helps!!
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