Question

what will be the simple interest on rs.1200 at 10% p.a for 2 years?​

Answer 1

Answer:

₹240

Step-by-step explanation:

Simple intrest=PTR/100

=1200×2×10/100

=12×2×10

=₹240

Answer 2

Given :

• Principal = Rs.1200
• Rate of Interest = 10% p.a
• Time = 2 years

To find :

• the simple interest on Rs.1200 at 10% p.a for 2 years

Solution :

⇒ Let's find the Simple Interest.

$\sf Simple \: Interest = \dfrac{P \times R \times T}{100}$

Here,

• P = Principal
• R = Rate
• Time = Time

$\sf Simple \: Interest = \dfrac{P \times R \times T}{100}$

                       $\sf = \dfrac{1200 \times 10 \times 2}{100}$

                       $\sf = \dfrac{1200 \times 20}{100}$

                       $\sf = \dfrac{12 \not0 \not 0 \times 20}{1 \not0 \not 0}$

                       $\sf = \dfrac{12 \times 20}{1 }$

                       $\sf = \dfrac{240}{1 }$

                       $\sf = 240$

• Therefore, the Simple Interest is Rs.240.