Find the simple interest on a sum of 2,000 for 2 years at 4% per annum rate of interest.
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Answered by
8
Step-by-step explanation:
P = ₹ 2000
T = 2 years
R = 4%
S.I = (2000 × 2 × 4)/100
= ₹ 160
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Answered by
2
Answer:160
Step-by-step explanation:
simple interest is equal to PRT/100
where p is the principal amount
R is the rate of interest
T is the time for which the loan is taken
here P=2000
R=4
T= 2 years
SI=2000×4×2÷100
=16000/100= 160
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