Question

what will be a simple interest on rs 800 at 5% per year for 4 year

Answer 1

Answer:

The required answer is $rs160$.

Step-by-step explanation:

Simple interest: Simple interest is calculated on a loan's principle amount or the first deposit into a savings account. Simple interest doesn't compound, thus an account holder only earns interest on the principal and a borrower never has to pay interest on previously accumulated interest.

• The formula for calculating simple interest is S.I. = P R T, where P stands for principal, R for the annual percentage rate of interest, and T for time, which is typically expressed as the number of years.

Given:  $Rs800$ at $5%$ per year for $4$ year.

To find: simple interest.

According to question,

Principal(P)=$rs800$

Rate (R)=$5%$%

Time (t) =$4$ year

The formula of S.I.=$\frac{P*R*T}{100}$

Calculate simple interest.

S.I.=$\frac{800*5*4}{100}$

S.I.$=160$

Hence, the value of simple interest is $rs160$.

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