Write answers to the following questions :
If you deposit ₹ 500 in a bank at 8 p.c.p.a., what interest will you get at the end of the year ?

Explanation

To find the interest earned on a deposit of ₹500 at an interest rate of 8% per annum after one year, we can use the formula for simple interest.

### Step-by-Step Solution:

1. **Identify the given values:**
- Principal (P) = ₹500
- Rate of interest (R) = 8% per annum
- Time (T) = 1 year
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