Question

The interest on a sum of Rs.2500 for 4 years at the rate of interest 4% is ?

Answer 1

Step-by-step explanation:

its very simple for you because you are intelligent

Answer 2

Given:

A sum of Rs2500 is invested for 4 years at the rate of interest of 4%

To Find:

The interest on the sum

Solution:

To find the simple interest on a certain sum for a specific period of time at some rate of interest we use the formula as,

                                             $I=\frac{PRT}{100}$

where,

          P=Principal amount

          R= Rate of interest

          T= Time period

Now put the values given in the above-stated formula which will go as ( note that rate of interest is given in % and we will take the whole % per cent value, not the fraction value that is dividing it by 100)

$I=\frac{PRT}{100}\\=\frac{2500*4*4}{100} \\=400$

Hence, the interest on a sum of Rs2500 for 4 years at a 4% rate of interest will be Rs400.