Question

FIND THE SIMPLE INTREST ON RS.5000 FOR 2YRS AT 4PCPA

PLEASE WITH CALCULATION​

Answer 1

Answer:

Simple Interest = $\frac{P * T * R }{100} = \frac{5000*2*4}{100} = 400$

So 400 is the simple interest

Step-by-step explanation:

                                             Simple interest is calculated by multiplying the daily interest rate by the principal, by the number of days that elapse between payments. Simple interest benefits consumers who pay their loans on time or early each month. Auto loans and short-term personal loans are usually simple interest loans