A sum of ₹ 5,000 is lent at 8 % per annum for 2 years at simple interest. Find the interest earned at the end of 2 years? (2024)

The correct option is C ₹800
Given:
Principal, P = ₹5,000
Rate of interest, R = 8%
Time, T = 2 years

See Also
[Solved] Calculate the compound interest of Rs.8000 for 2 years if co

We know that simple interest =P × R × T100

⇒ Interest earned at the end of two years =5,000×8×2100=₹800

See Also
Simple Interest - Math Steps, Examples & QuestionsFind the amount and the compound interest on Rs. 8000 5% per annum 2 years, compounded annually.Time Formula - What Is the Formula For Time? ExamplesSimple Interest Formula with Solved Examples

A sum of ₹ 5,000 is lent at 8 % per annum for 2 years at simple interest. Find the interest earned at the end of 2 years? (2024)
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