Math, asked by roshangmailcom3609, 1 year ago

What is the simple interest on Rs 2018 for a period of 2 years where rate of interest is 16%?

Answers

Answered by ajeetpatel0990

1

Answer:

Step-by-step explanation:We know that,

S.I.=Principal*Rate*Time/100

∵Principal=Rs 2018, time=2 years, rate=16%

so, by putting values,

simple interest =2018*16*2/100="645.76"

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