Question

hamid deposits RS.8000/- in a saving bank at 5 p.a for 2 yrs.find the interest ?​

Answer 1

Statements:

Money deposited by Hamid (Principal) = Rs.8000

Rate = 5% p.a

Time = 2 years

Simple interest = P x R x T

Step-by-step explanation:

= P x R x T

= 8000 x 5/100 x 2

= 80 x 5 x 2

= Rs.800/- is the Simple interest

Hope this will help you