Question

Shashank deposits ₹10,000 at a rate of 8% for 2 years. find the simple interest form​

Answer 1

Answer:

P = 10,000

R = 8%

N = 2 years

I = interest

I = PRN

100

I = 10000 X 8 X 2

100

I = 100 X 8 X 2

I = 1600

ANS : Interest = 1,600