Question

find the simple interest when the principle is rs 1000 for 2 years at rate of interest 2%per annum.​

Answer 1

Hey Mate,

Here's your answer,

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=> Principle = 1000 Rs

=> Time = 2 years

=> Rate = 2%

=> S.I = P×R×T / 100

=> S.I = 1000×2×2 / 100

=> S.I = 10×2×2

=> S.I = 10×4

=> S.I = 40 Rs

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$hope \: it \: helps$