Question

per annum
Find the simple interest on * 2,000 for six months at the rate of 4¹2% per annum.​

Answer 1

Step-by-step explanation:

$simple \: interest = \frac{principal \times rate \times time}{100}$

$simple \: interest = \frac{2000 \times 9 \times 6}{100 \times 2}$

$= 540$