Question

if the principal is rs.500, then the amount to be paid at the end of 5 years at 5% p.a. simple interest will be

Answer 1

P=500 rs
R=5%
T=5years
si= 500×5×5÷ 100
125

Answer 2

the formula for simple interest is
PNR/100
=500x5x5/100
5x5x5
=125

the simple interest will be rs125