Question

Find the simple interest on Rs.250 for two years at 5% per annum.​

Answer 1

Answer:

Simple interest is Rs.25

Step-by-step explanation:

P = Rs.250,  T = 2 years, R = 5%

Simple interest = (P x R x T)/100

= (250 X 2 X 5)/100

= (250 x 10)/100

= 25

Answer 2

QUESTION:-

Find the simple interest on Rs.250 for 2 years at 5% per annum.

ANSWER:-

The simple interest on Rs.250 for two years at 5% per aannum is Rs.25.

SOLUTION:-

Given:-

• Principal or Sum = Rs.250
• Rate Of Interest = 5% per annum
• Time = two years

To Find:-

• The simple interest on Rs.250 for two years at 5% per annum.

Solution:-

We already know that:

Formula used to calculate the Simple Interest (S.I.) → S.I = (P × R × T)/100

where,

P = The Principal or Sum

R = Rate Of Interest

T = Time

Therefore, calculating as per the formula, after substituting their given values:-

= (250 × 5 × 2)/100

= 25

 ⠀ ━━━━━━━━━━━━━━━━━━━