Question

The Simple interest on a sum of ₹ 25000 for 4 years at the interest rate 4% is *

Answer 1

Answer:

₹ 4000 is the Simple Interest on a sum of ₹ 25000 for 4 years at the interest rate 4%.

Step-by-step explanation:

Simple Interest = P × R × T/100

= 25000 × 4 × 4/100

= 400000/100

= 4000

Hence, ₹ 4000 is the Simple Interest on a sum of ₹ 25000 for 4 years at the interest rate 4%.

Answer 2

I = PRT   where ,

I = interest

P = amount borrowed (called "Principal")

R = interest rate

T = time

I = PRT

 = 25000 X 0.04 X 4

 = 250 X 16

 = 4000