Question

If p = Rs 20,000, R = 8 p.c.p.a, N = 2 years then S.I = Rs______​

Answer 1

20000×8×2

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100

=1600× 2

Answer 2

Solution:-

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◍ Here, the question has given us the principal, rate of interest and time that is Rs. 20,000, 8% per annum and for 2 years respectively. Now, the question has asked us to find the simple interest of it. So to get the answer we simply have to apply the formula of SI and we will easily get our answer.

ANSWER:-

◈ The simple interest on Rs. 20,000 for 2 years at 8% per annum will be Rs. 3,200.

GIVEN:-

☆ Principal = Rs. 20,000

☆ Rate of Interest = 8% per annum

☆ Time = 2 years

TO FIND:-

↠Simple Interest= ?

FORMULA:-

➾ Simple Interest = P × R × T / 100

SOLVING BY APPLYING THE FORMULA:-

☆ Principal = Rs. 20,000

☆ Rate of Interest = 8% per annum

☆ Time = 2 years

➾ Simple Interest = P × R × T / 100

➢ SI = 20,000 × 8 × 2 / 100

➢ SI = 20,000 × 16 / 100

➢ Cancelling the zeros.

➢ SI = 200 × 16 / 1

➢ SI = 200 × 16

➢ SI = 200 × 16 = 3,200

➢ SI = Rs. 3,200

Hence, we got the answer. The simple interest is of Rs. 3,200.

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