Question

The simple interest on
Rs.6250 at 4% per annum for 2 years is :​

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

Step-by-step explanation:

simple interest formula = Principal x Rate x Time /100

Principal = 6250

Rate = 4

time = 2

simple interest = 6250x4x2/100

                         = 12500x4/100

                         = 50000/100

                         = 500

simple interest = ₹500

so after 2 years ₹6250 at 4% will become = 6250+500

                                                                       = ₹6750