1.

Find the simple interest, when Principal = Rs 2000, Rate of Interest = 5% per annum and Time = 5 years.

Answer»

Given Principal = Rs 2000, Rate of Interest = 5% per annum and Time = 5 years.

We know that simple interest = (P × T × R)/100

On substituting these values in above equation we get

SI = (2000 × 5 × 5)/100

= Rs 500



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