Question

The simple interest on Rs 600 at 5% pa for 2 year is Rs​

Answer 1

Answer:

Interest=Principal*Rate*Time is the formula

Step-by-step explanation:

I = PRT / 100

I= 600*5*2 /100

I=60

Answer is ₹ 60

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Answer 2

Question :The simple interest on Rs 600 at 5% pa for 2 year is Rs​

Answer: ₹60

Solution:

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

Where

S.I.=Simple Interest (In ₹)

P=Principal Amount (In ₹)

R=Rate (Per Annum)

T=Time (In years)

According to Question

→S.I.=  $\frac{600\times5\times2}{100}$

​→S.I.=₹60

Amount =P+SI

Amount =P+SI

Evaluate P(principal =₹600),SI(simple interest =₹60)

Amount =600+60

Amount =₹660

How to calculate SI

To calculate the SI for a certain amount of money (P), rate of interest (R) and time (T), the formula is:

SI = $\frac{P\times R\times T}{100}$

Here,

SI = Simple interest

P = Principal (sum of money borrowed)

R = Rate of interest p.a

T = Time (in years)