Question

What is the annual interest rate of 8% on Rs.5000? *
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Answer 1

Answer:

follow these rules

Step-by-step explanation:

Simple Interest Formula

(P x r x t) ÷ (100 x 12) ...

Example 1: If you invest Rs.50,000 in a fixed deposit account for a period of 1 year at an interest rate of 8%, then the simple interest earned will be: ...

Example 1: Say you borrowed Rs.5 lakh as personal loan from a lender on simple interest.

Answer 2

Answer:

What is the annual interest rate of 8% on Rs.5000? *

Step-by-step explanation:

5000×8÷100=400

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