Question

The simple interest for ₹ 500 at the rate of 5% per annum for 2 years will be *​

Answer 1

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Principle= Rs 500

Rate =5%

Time = 2 years

We know that :

SI =${\boxed{\sf \frac{P×R×T}{100}}}$

SI = $\frac{500 \times 5 \times 2}{100}$

SImple Interest = Rs 50

Answer 2

Step-by-step explanation:

Principal = Rs 500

Interest = Rs 100

Rate = 5%

Interest, I =

100

P×R×T

100= 100

500×5×T

T=4 years.