Question
Find the simple interest and the amount on Rs 4,000 at 9% per annum for 2 years.
Solution
Simple Interest (SI) = (P × R × T) / 100 = (4000 × 9 × 2) / 100 = 4000 × 18 / 100 = 720 Amount = Principal + Interest = 4000 + 720 = Rs 4,720 Answer: SI = Rs 720, Amount = Rs 4,720.
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