Question

How to solve bank simple interest

Answer 1

use the formula I=P*T*R/100

Answer 2

P = Rs.1000, R = 20% per annum, T = 4 years.

P = Rs.600, R = 5% per annum, T = 4 months.

P = Rs.200, R = 6% per six months, T = 3 years.

P = Rs.500, R = 2% per six months, T = 5/2 years.

P = Rs.400, R = 3% per three months, T = 2 months.

P = Rs.730, R = 10% per annum, T = 120 days.

P = Rs. 3000, R = 61/4 per annum, T = period from 4th Feb to 18th Apr.