Question

What is the simple
interest on Rs 4500 , at 8% p.a. for a time period of 2 yrs.​

Answer 1

The simple interest is ₹680

EXPLANATION -

P = 4500

R = 8 p.c.p.a.

T = 2 years

I = ?

I = P × R × T/100 = 4500 × 8 × 2/100

= 45 × 8 × 2

= 680

Therefore, Interest = ₹680.