Question

what is the simply interest on Rs. 500 at 2/ per annum for 4yr ?​

Answer 1

Answer:

$simple \: interest = \frac{principal \times time \times rate}{100} \\ \\ = \frac{500 \times 4 \times 2}{100} \\ \\ = 5 \times 4 \times 2 \\ \\ = simple \: interest = rs.40$

Answer 2

Answer:

₹40

Explanation:

simple interest formula is PxRxT/100