Find the simple interest (in ₹) on ₹2500
Find the simple interest (in ₹) on ₹2500 as a sum borrowed at 4% per year rate of interest for 5 years.
5 वर्षो के लिए 4% वार्षिक की ब्याज दर पर उधार ली गई राशि ₹2500 पर साधारण ब्याज (₹ में) ज्ञात कीजिए।
Detailed Solution & Logic
Correct Answer:
500
P = 2500, r = 4%, t = 5 years
Simple Interest = $ \frac{P \times r \times t}{100} $
$ = \frac{2500 \times 4 \times 5}{100} $
= 500
Simple Interest = ₹500
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