principal = $25000,rate = 8% per annum , time= 2 yrs find the simple interest
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Answer:
formula for finding simple interest is = pricipal × rate × time divided by 100
Step-by-step explanation:
si = 25000 × 8 × 2 ÷100
= 4000
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Step-by-step explanation:
s. i=p•r•t\100,s.i=25000•8•2\100,s.i=250•8•2,s.i=250•16,s.i=4000
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