Question

The simple interest on rs. 2000 for 2 years at rs. 75 per thousand per annum will be

Answer 1

S.I. = (P × t × r)/100

Where,

P = Principal amount,

r = Interest percentage,

t = number of yeaRs.

Here, r = (75/1000) × 100 = 7.5
according to the question,

S.I. = 2000 × 2 × (7.5/100) = 300

∴ The simple interest = Rs. 300.

Answer 2

Answer:

Explanation:

S.I. = (P × t × r)/100

Where,

P = Principal amount,

r = Interest percentage,

t = number of yeaRs.

Here, r = (75/1000) × 100 = 7.5

according to the question,

S.I. = 2000 × 2 × (7.5/100) = 300

∴ The simple interest = Rs. 300.