Question

The interest on a sum of Rs 2500 for 4 years at the interest rate 4%, at simple interest is
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Answer 1

here is a formula for simple interest

I = Prt

where

I = interest

P = amount borrowed (called "Principal")

r = interest rate

t = time

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Answer 2

As a result, the simple interest on a sum of Rs 2500 over four years at a rate of 4% is Rs 400

As per the question given,

To find out the interest on a sum of Rs 2500 for 4 years at the interest rate of 4%, at simple interest is?

Simple interest on a sum of money is calculated as:

Simple Interest = (Principal * Rate * Time) / 100

So, for a principal of Rs 2500, an interest rate of 4% and a time period of 4 years, the simple interest would be:

Simple Interest = (2500 * 4 * 4) / 100

Simple Interest = Rs 400

Therefore, the interest on a sum of Rs 2500 for 4 years at the interest rate of 4%, at simple interest is Rs 400.

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