Question

Find the simple interest on Rs. 3500 at 4% per p.a. for five years. ​

Answer 1

Answer: Rs. 700

Step-by-step explanation: P = Rs. 3500 , R = 4% p.a. , T = 5 Years

SI = PRT/100

SI = 3500*4*5/100

SI = 700

Hence the simple interest is Rs. 700.

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Answer 2

$Principal = 3,500$

$Rate = 4 \: \%$

$Time = 5 \: years$

$SI = \frac{P×R×T}{100}$

$SI = \frac{3,500 \times 4 \times 5}{100}$

$SI = 35 \times 4 \times 5$

$SI = 35 \times 20$

$SI = 700$