Lets calculate Simple Interest

Priya borrowed Rs 2000 for t years at the rate of r% p.a. If interest is calculated as simple interest, then find the algebraic expression to find amount.

SIMPLE INTEREST If interest is calculated uniformly on the original principal throughout the loan period it is called simple interest.

What is simple interest

The simple interest on a sum of Rs. P for T years at R% per annum is given by the formula: Simple Interest = (T times P times R)/100 .

The difference between the compound interest and the simple interest on a certain sum for 2 years is equal to the interest calculated for 1 year on one year's simple interest. (True / False).

A sum of ₹ 3460 is lent at simple interest. If the rate of interest is 5% per annum, then what will be the simple interest for 5 years?

What is the rate of interest percentage per annum? I. An amount doubles itself at simple interest in 10 yr. II. Difference between the compound interest and simple interest on an amount of? 15000 in 2yr is 150. III. The compound interest calculated after 8 yr is more than the amount principle