Question

The simple interest at 8% on Rs. 100 for 5 years is Rs.​

Answer 1

Answer:

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Answer 2

Given,

The principal amount$\[ = 100\]$

The rate of interest$\[ = 8\% \]$

The time period$\[ = 5\]$

Solution,

The formula for the simple interest is $\[\frac{{{\mathop{\rm P}\nolimits} \times R \times T}}{{100}}.\]$

Therefore, the simple interest is

$\[\begin{array}{l} = \frac{{100 \times 5 \times 8}}{{100}}\\ = 5 \times 8\\ = 40\end{array}\]$

Hence, the simple interest is Rs $\[40.\]$