Question

Find the simple interest on principle of 1000 at the rate of 10% per annum for 2 year

Answer 1

SI = P×R×T/100
=1000×10×2/100
=₹200
Therefore simple interest =₹200
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Answer 2

SI=P×R×T/100
=1000×10×2/100
= 200
therefore SI = Rs.200