Find the simple interest if the principal is $₹ 2000$ , the rate of interest is $5 % per annum$ , and time is $5 years$ .

₹ 700

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₹ 750

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₹ 1200

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₹ 500

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Solution

The correct option is D $₹ 500$
Given:

Principal $= ₹ 2000$

Rate of interest $5 % per annum$

Time $= 5 years$

Simple interest $= \frac{P \times R \times T}{100}$

On substituting these values in the formula, we get,

$S I = \frac{2000 \times 5 \times 5}{100}$

$= ₹ 500$

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Similar questions

Find the simple interest, when:
(i) Principal $= R s .2000$ , Rate of Interest $= 5 %$ per annum and Time $= 5$ years.
(ii) Principal $= R s .500$ , Rate of Interest $= 12.5 %$ per annum and Time $= 4$ years.
(iii) Principal $= R s .4500$ , Rate of Interest $= 4 %$ per annum and Time $= 6$ months.
(iv) Principal $= R s .12000$ , Rate of Interest $= 18 %$ per annum and Time $= 4$ months.
(v) Principal $= R s .1000$ , Rate of Interest $= 10 %$ per annum and Time $= 73$ days.

Q. Find the simple interest rate applied to a principal over

5

years if the total interest paid equals the borrowed principal.

Q. If the principal amount is 2000 is deposited in a tank at a rate of

10 %

interest then calculate the simple interest if
(a) Time = 2 years
(b) Time = 3 years
(c) Time = 4 years

Q. Principal = Rs 8000, period = 5 years, rate = 7% p.a. Find simple interest.

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Find the simple interest if the principal is ₹2000, the rate of interest is 5% per annum, and time is 5 years.

The correct option is D ₹500Given: Principal =₹2000 Rate of interest 5% per annum Time =5 years Simple interest =P×R×T100 On substituting these values in the formula, we get, SI=2000×5×5100 =₹500

Find the simple interest if the principal is $₹ 2000$ , the rate of interest is $5 % per annum$ , and time is $5 years$ .

The correct option is D $₹ 500$
Given:

Principal $= ₹ 2000$

Rate of interest $5 % per annum$

Time $= 5 years$

Simple interest $= \frac{P \times R \times T}{100}$

On substituting these values in the formula, we get,

$S I = \frac{2000 \times 5 \times 5}{100}$

$= ₹ 500$