Question

principle amount=1000 in the period of 2years at the interest of 5•/•

Answer 1

Simple interest = p*r*t/100
= 1000*5*24/100
=1200
Interest = p*n(n+1)/2*12*r/100
= 1000*24(24+1)/2*12*5/100
= 2400
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Answer 2

simple interest = principle × rate × time
= 1000×5%×2
= 2000×5%
SI =100