n:-━━━━━━━━━━━━━━━━━━━━━━━━━━◉ Here the question has given us the principal that is Rs 7,000, rate that is 8% and time that is 2 years. The question has asked us to find the simple interest on a DEPOSIT of Rs. 7,000 for 2 years at rate 8% per annum. So, to find the simple interest we need to apply the formula of Simple Interest (S.I) and the FINAL digist will be the interest of per annum.ANSWER:-Simple interest on a deposit of Rs. 7,000 for 2 years at rate 8% per annum is Rs 1,120.GIVEN:-◉ Principal = 7,000◉ Rate of interest = 8% per annum◉ Time = 2 yearsTO FIND:-◉ Simple Interest per annum = ?FORMULA:-◉ Simple Interest (S.I) = P × R × T / 100SOLVING BY APPLYING THE FORMULA:-◉ Principal = Rs 7,000◉ Rate = 8%◉ Time = 2 years◉ Simple Interest = P × R × T / 100◉ Simple Interest = 7,000 × 8 × 2 / 100◉ Simple Interest = 7,000 × 16 / 100◉ Simple Interest = 1,12,000 / 100◉ Simple Interest = 1,12,000 / 100 = 1,120◉ Simple Interest = Rs 1,120Hence, we GOT our answer by applying the formula of Simple Interest. Simple Interest on a deposit of Rs. 7,000 for 2 years at rate 8% per annum is Rs 1,120.━━━━━━━━━━━━━━━━━━━━━━━━━━