The simple interest on ₹5000 for 2 years at 10% per annum is ?
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Step-by-step explanation:
Given, Pricnipal=Rs. 5000
Rate =8%
Time =1 year, ⟹n=2∵ Compounded half-yearly
A=P(1+
2.100
r
)
n
A=5000(1+
200
8
)
2
A=5000(
200
208
)(
200
208
)
A=5408
C.I=A−P
=5408−5000
=408
C.I.=408.
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