Find the simple interset at the end of one year for Ruppees 400 at 5% per annum
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Answer:
✯꧁༄ᶦᶰᵈ᭄✿RS. 40☆꧂✯
Explanation:
Given Principal amount P = Rs 400 Time
period T = 2 years Rate of interest R = 5%
p.a. We know that simple interest = (P × T ×
R)/100 On substituting these values in
above equation we get SI = (400 × 2 × 5)/
100 = Rs 40
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