Question

If P = 50,000, A= 2,00,000, T=5 years
then find the rate of interest.​

Answer 1

Answer:

The formula for calculating simple interest is:

(P x r x t) ÷ 100.

(P x r x t) ÷ (100 x 12)

FV = P x (1 + (r x t))

Example 1: If you invest Rs.50,000 in a fixed deposit account for a period of 1 year at an interest rate of 8%, then the simple interest earned will be: