What is the simple interest on ₹2,000 for 4 years at the rate of 10% per annum?
Answer & explanation
Correct answer: option 2
Simple Interest = \(\frac{Principal ×Rate × Time }{100}\)
= \(\frac{2000 × 10 × 4 }{100}\)
= 800
What is the simple interest on ₹2,000 for 4 years at the rate of 10% per annum?
Correct answer: option 2
Simple Interest = \(\frac{Principal ×Rate × Time }{100}\)
= \(\frac{2000 × 10 × 4 }{100}\)
= 800