Question

Find the simple interest, when:
(0) Principal = Rs 2000, Rate of Interest - 5% per annum

and Time 5 years​

Answer 1

Answer:

Simple Interest=PRT/100

=2000*5*5/100

=50000/100

=500Rs

Answer 2

Given: Principal = Rs. 2,000, Rate of Interest = 5% p.a., Time = 5 years

To find: Simple Interest

Solution: Given that,

Principal (P) = Rs.2,000

Rate of Interest (R) = 5% p.a.

Time (T) = 5 years

∵ $Simple \ Interest = \frac{Principal \ * \ Rate \ of \ Interest \ * \ Time}{100}$

⇒ $\frac{2,000 \ * \ 5 \ * \ 5}{100} = 500$

Hence, Simple Interest on Rs. 2,000 at 5% rate of interest for 5 years is Rs. 500.