Question

Find the simple intrest on rs 1200 at 5%per annum for 2 years

Answer 1

Rs.120

Explanation:

given,

Principal (P) = Rs.1200

Time (T) = 2 yrs

Rate (R) = 5%

Simple interest = ?

solution,

simple interest = PTR/100

= Rs.1200*2*5/100

= Rs.12000/100

= Rs.120

Therefore,the simple interest is Rs.120.