Question

The interest on a sum of rupees 2500 for 4 years at the interest rate 4% is _____
​

Answer 1

Answer:

₹400

Step-by-step explanation:

Given,

P=₹2500

N=4 years

R=4%

We have to find out Interest ,I.

I=PNR

I=2500×4×4/100

=2500×16/100

=40000/100

=400//

Therefore the interest is ₹400.

Answer 2

Answer: 384 rps

Step-by-step explanation:

Principal= 2500 rps

Time= 4 years

Rate= 4%

Interest = $\frac{PxRxT}{100}$

             = $\frac{2500x4x4}{100}$  (the zeros of 2500 get cut by 100)

             = $\frac{25x4x4}{1}$

             = 384 rps

Hope this helps...