Question

The simple interest on Rs. 400 at 6% for 2 years is​

Answer 1

Answer:

Principal = 400

Rate = 6

Time = 2 yrs

I = PTR/100

 = 400 x 2 x 6/100

 = 4 x 2 x 6

 = 48

Hence, Interest is 48 rupees

Answer 2

Answer:

=> The simple interest will be Rs. 48

Step-by-step explanation:

In context to the question asked,

We have to find the simple interest,

As per data given in the question,

We have,

Principal ( P ) = Rs. $400$

Rate of interest ( R ) = $6$%

Time ( T ) = $2$ years

For calculating the simple interest,

The formula to be used:

$S.I = \frac{P \times R \times T}{100}$

Substitute the given values:

$=> S.I = \frac{400 \times 6 \times 2}{100}$

$=> S.I = \frac{4800}{100}$

$=> S.I = Rs.48$

Hence, the required solution is Rs. 48