Question

find the simple interest where the interest is equal to 10.5% and time is equal to 5 years and principal is equal to 40000

Answer 1

$\frac{40000 \times 5 \times 10.5}{100}$
30000 is the simple intrest

Answer 2

By fornula,
Si = 40000 * 10.5 * 5 / 100
=2100000 / 100 = 21000



THANKS.!