Question

venkat invested rupees 5000 for 4% per annum . how much interest will he get after 4 years​

Answer 1

☤Given:

• Principal (p) = ₹ 5000
• Rate (r) = 4%
• Time (t) = 4 years

☤To Find:

• Interest?

Solution:

$\\ \bigstar{\underline{\boxed{\sf\green{ Interest_{(Simple)} = \dfrac{P \times R \times T}{100} }}}}$

After substituting values in the formula to get required Answer;

$\implies$ 5000 × 4 × 4/100

$\implies$ ₹ 800

Hence,

The Interest of transaction is ₹ 800 after completing 4 years.

Formula Points:

• SI = PRT/100

• Amount (A) = Principal + Interest