Question

The simple interest of ₹400 at 5%
for 5 years is _______
Explain it step by step​

Answer 1

Answer:

formula for finding simple interest is p*r*t/100

here principal amount is 4000 and the rate of interest is 5%

and time is 5 years

so,SI= 4000*5*5/100

=40*25= 1000 Rs Ans