Go To Your Study Dashboard

Get Answers to all your Questions

header-bg

Find the simple interest earned on Rs.20000 for 2 years at 10% p.a.

Option 1)
Rs.4500
Option 2)
Rs.2000
Option 3)
Rs.4000
Option 4)
Rs.5000
Option 5)
Rs.6000

Answers (1)

best_answer

$S.I =\frac{ (2000 \times 2 \times 10) }{100} = 4000$

Or S.I = RT% of P = 10 x 2 %P of P i.e 20 % of

$= \frac{20}{100} \times 20000 = 4000.$

Posted by

rishi.raj

View full answer

Similar Questions

Latest Question

A sum of money under compound interest doubles itself in 4 years. In how many years will it become 16 times itself? Option: 1 1
A certain loan amounts, under compound interest, compounded annually earns an interest of Rs.1980 in the second year and Rs.2178 in the third year. How much interest did it earn in the first year?<