Question

Simran deposited ₹12500 in the bank, which pays simple interest at 8% annum. find the interest she will receive at the end of 4 years.

Answer 1

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Answer 2

Principal amount = ₹ 12500

Interest = 8% pa

Find the interest earned after 4 years:

1 year = 8% x 12500 = 0.08 x 12500 = ₹ 1000

4 years = 1000 x 4 = ₹ 4000

Answer: The interest earned in 4 years is ₹4000