Question

find the simple interest on Rs 5000 at 8% per from 3 years

Answer 1

Given data:

P.I = Rs. 5000

R = 8%

N (Number of Years / Time period) = 3 years

To find: S.I

Formula:

S.I = PNR /100

S.I = (5000*8*3) /100

S.I = 1200

Answer 2

Simple interest = PRT/100

Here

P = 5000

R = 8%

T = 3 years

SI = 5000 × 8 × 3/100 = Rs.1200