Question

saurabh took a loan of rupees 40000 at 10% annual interest. after 2 years on simple interest how much he will have to return?​

Answer 1

Answer:

Saurabh will have to return Rs48000

Step-by-step explanation:

P=Rs 40000

R= 10%

T= 2yrs

S.I.= PRT/100

    =40000*10*2/100

    =Rs. 8000

A= S.I.+P

  = 8000+40000

  =Rs48000

Answer 2

Answer:

₹8000= S.I

Step-by-step explanation:

p/loan= 40000

R = 10%

T = 2

S.I = ?

S.I= p×r×t/100

S.I = 40000×10×2/100

S.I = 8000