Question

A sum of Rs. 1800 borrowed for 2 years at the rate of 12 % per annum. Find
the interest?

Answer 1

72

Explanation:

principal (P)=1800

time(T)=2yrs

rate(R)=2%

SI=?

now,

SI=PTR÷100

= 1800×2×2÷100

=7200÷100

=72

so interest is 72.

hope this will help you :D