Question

principal =5000,rate= 2%,
time =3years​

Answer 1

=Principal*Rate*Time/100
=5000*2*3
=10000*3
=30000

Answer 2

Principal = P = Rs. 5000

Rate = R = 2 %

Time = N = 3 years

Simple Interest = PRN / 100

= 5000 × 2 × 3 / 100

= 50 × 2 × 3

= Rs. 300

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