Question

find the simple interest on an amount ₹ 8400 for 4 years at 8% per annum​

Answer 1

Here we are given the values of principal, rate and time

       principal = 8400

          time = 4 years

       rate = 8%  

We have to find the interest

We will use the formula of simple interest  

Simple interest = ( p × r × t)/100

                       = ( 8400 × 8 × 4)/100

                      = 2688

Hence, the interest will be Rs. 2688