Question

find the sum which become thousand after two years at the rate of​

Answer 1

Answer:

Answer :-

The simple interest on a sum of Rs 1000 for 2 years at a rate of 4% per annum is Rs 80.

Given :-

Principal = Rs 1000.

Rate = 4% per annum.

Time = 2 years.

To find :-

The simple interest.

Step-by-step explanation :-

We know the principal, rate and time.

We are asked to find the simple interest.

We know that :-

{\boxed {\mathfrak {Simple\: Interest = \frac{P \times R \times T}{100}}}}

SimpleInterest=

100

P×R×T

So let's apply this formula.

Substituting the values, we get :-

\sf Simple\: Interest = \dfrac{1000 \times 4\times 2}{100}SimpleInterest=

100

1000×4×2

Cutting off the zeroes, we get :-

\sf Simple\: Interest = \dfrac{10\times4\times2}{1}SimpleInterest=

1

10×4×2

Now let's multiply the remaining numbers.

\sf 10 \times 4 \times 210×4×2

Multiplying the numbers, we get :-

\sf \Rightarrow 80.⇒80.

So, the simple interest is Rs 80.