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

Question

asked Sep 11, 2021 74.8k views

1 Answer

Jeyavel · Answer 1 · 2021-09-14T16:20:14+0000

Answer:

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.