Math, asked by srijitg773, 1 month ago

how to calculate simple interest on a deposit of $7000 for 2 years at 8% per annum

Answers

Answered by KrishnVasudev

2

Answer:

Simple interest = 1120 Rs

Step-by-step explanation:

P = 7000, T = 2 years, R = 8%

Simple interest = PRT /100

Let I be the simple interest

I = (7000×2×8) /100

I = 70×2×8

I = 1120

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