Question

what will be the simple interest earnd on rupess 10000 in 2.5 years at the rate of 8 p.c.p.a ​

Answer 1

Answer:

Principal= ₹10000

Time = 2.5 years

Rate of interest= 8℅ per annum.

therefore, Simple interest= ₹ (10000× 2.5× 8)/100

=₹( 100×2.5×8) =₹2000.

Ans) The simple interest is ₹2000