Question

What is the simple interest on N600 at 8% for 2 years?

Answer 1

Answer:

simple interest is 96 rs

Step-by-step explanation:

principal Amount p = 600

rate R = 8

term T = 2 years

simple interest is

SI= PTR/100

SI=600*2*8/100

SI= 6*2*8

SI= 96 rs

simple interest is 96 rs

Answer 2

Answer:

The simple interest of Rs. 600 for 2 years at 8% is Rs. 96.

Step-by-step explanation:

Given :

Sum of money = Rs. 600

Rate = 8%

Time = 2 years

To find :

Simple interest

Solution :

$\boxed{\tt{SI = \frac{Principal \times Rate \times Time}{100}}}$

$\tt{\longrightarrow} \: SI = \dfrac{600 \times 8 \times 2}{100} \\ \\ \tt{\longrightarrow} \: SI = \ \dfrac{600 \times 16}{100} \\ \\ \tt{\longrightarrow} \: SI =6 \times 16 \\ \\ \tt{\longrightarrow} \: SI =96$

Simple interest = Rs. 96.

Therefore, the simple interest of Rs. 600 for 2 years at 8% is Rs. 96.