Question

If principal = Rs.4000 , Rate = 5% , Time period = 2 years ,then simple interest is ____Required to answer. Single choice.

(1 Point)

a) Rs.400

b) Rs.40

c) Rs. 200

d) Rs.80​

Answer 1

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c) Rs. 200

Answer 2

Answer:

simple interest = principle ×rate ×time/100

therefore =4000×5×2/100

cutting 00 from 100 and 4000

we get

40×5×2

simple interest = 400 rupees

therefore answer a) 400

is correct