Find the simple interest with the rupees of ₹2,000 for four years at and the rate of ( *eight or four* ) percentage per annum. Hint ( You should find either with eight percent or four percent. )
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ɢɪᴠᴇɴ :-
- Principle = Rs.2,000
- Rate = 8%
- Time = 4 years
ᴛᴏ ꜰɪɴᴅ :-
- Simple Interest
ꜱᴏʟᴜᴛɪᴏɴ :-
Here,
- " P " is Principal,
- " R " is Rate of interest
- " T " is time
Hence, The Simple Interest is Rs.640
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