Question

find the simple interest on Rs 750 for 2 years at 8% per annum ​

Answer 1

Answer:

Rs. 600

Step-by-step explanation:

Given:

P = Rs. 750

Time (T)=2​​ years.

Rate (R)=8%

Interest (I)= $\frac{PRT}{100}$

​

= $\frac{750 * 10 * 8}{100}$

= 600

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Answer 2

The simple interest = Rs. 120

Given :

Rs. 750 for 2 years at 8% per annum

To find :

The simple interest

Solution :

Step 1 of 2 :

Write down Principal , Rate of interest & time

Principal = P = Rs. 750

Rate of interest = R% = 8%

Time = T years = 2 years

Step 2 of 2 :

Calculate the simple interest

Let the simple interest = l

$\displaystyle \sf{ I = \frac{PRT}{100} }$

$\displaystyle \sf{ \implies l = \frac{750 \times 8 \times 2}{100} }$

$\displaystyle \sf{ \implies I = 120}$

Hence the required simple interest = Rs. 120

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