Question

The simple interest on $400 at 5% per annum for 2 years is?

Answer 1

Answer:

$\frac{400 \times 5 \times 2}{100}$

Answer A is correct

Step-by-step explanation:

$p = 400 \\ r = 5\% \\ t = 2 \: \: years$

Now let's find the simple interest.

$\frac{prt}{100 } \\ = \frac{40 0 \times 5 \times 2}{100} \\ = 40$

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Answer 2

Answer:

It's a).

Step-by-step explanation:

I = PRT/100

- where I = the interest , P = initial amount, R = annual rate and T is the time in years.

So the answer is (400*5*2) / 100.