Question

Ramani invested Rs 1000 for 2 years at 10% per annum. Find the simple interest.​

Answer 1

Answer:

Rs. 200

Step-by-step explanation:

For 1 year, interest = 10% (1000)

                                = 10/100 * 1000

                                = Rs. 100

For 2 years, interest = 2 * 100

                                  = Rs. 200