Question

if deposited rs500 ina bank at 8 pcpa what interst will you get at the of the yeqr​

Answer 1

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Ans.

Amount = Rs 500

Rate = 8%

Time = 1 year

Interest after a year is

= (Amount × Rate × Time)/100

= (500 × 8 × 1)/100

= Rs. 40

Answer 2

principal=₹500

Rate of interest=8%

Time=1year

Simple interest=(P×R×T)/100

=(500×8×1)/100

=₹40