Question

Find the simple interest which Ira would pay for loan of Rs.450000 at 8% per annum for 2 years??
Guys I need this answer real fastt. Plzz send me the answer! I'll be veryy thankful

Answer 1

Answer:

72,000

Step-by-step explanation:

first the formula of simple interest is

simple interest =principal×rate×period

100

now , given is

principal= 450000

rate =8%

period =2 years

now , 450000×8×2

100

= 7200000

100

= 72000