Question

what will be the simple interest earned on rupees 10000 in 2.5 years at the rate of 8 pcpa

Answer 1

Principal=rupees 10000
Rate of Interest=8% pa
Time=2 1/2years=5/2years
Therefore, SI=PTR/100
=(10000*8*5)/100
=4000000

Answer 2

Given - Principal, rate of interest and time

Find - Interest earned

Solution - The interest earned on given amount is Rupees 2000.

The simple interest can be calculated by the formula- S.I. = PRT/100. In the formula, S.I. is simple interest, P is principal, r is rate of interest and t is time.

Now keeping the values in formula to find the value of interest earned.

$interest = \frac{10000 \times 8 \times 2.5}{100}$

$interest = 100 \times 8 \times 2.5$

interest = 2000

Thus, interest earned on given amount is Rupees 2000.