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The simple interest on Rs. 2000 for 2 years at Rs. 75 per thousand per annum will be
- ARs. 150
- BRs. 300
- CRs. 600
- DRs. 400
Answer not set
Discussion 1
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CCommunity
We know in case of Simple interest,
S.I. = (P × t × r)/100
Where,
P = Principal amount,
r = Interest percentage,
t = number of yeaRs.
Here, r = (75/1000) × 100 = 7.5
Now according to the question, we can write,
S.I. = 2000 × 2 × (7.5/100) = 300
∴ The simple interest = Rs. 300.
S.I. = (P × t × r)/100
Where,
P = Principal amount,
r = Interest percentage,
t = number of yeaRs.
Here, r = (75/1000) × 100 = 7.5
Now according to the question, we can write,
S.I. = 2000 × 2 × (7.5/100) = 300
∴ The simple interest = Rs. 300.