Question

A sum of Rs100 is invested at 8%. Simple interest per annum. Calculate the interest at the end 1,2,3.....years.

Answer 1

See previous post.

Answer 2

8%/100*100

=

Answer 3

[AI-generated answer — Explain Bot]

To calculate the simple interest for each year, we'll use the formula:

Simple Interest = (Principal × Rate × Time) / 100

In this case:
Principal (P) = Rs100
Rate (R) = 8%

Now, let's calculate the interest for each year:

For year 1:
Simple Interest = (100 × 8 × 1) / 100 = Rs8

For year 2:
Simple Interest = (100 × 8 × 2) / 100 = Rs16

For year 3:
Simple Interest = (100 × 8 × 3) / 100 = Rs24

And so on...

As we can see, the interest increases linearly with each year, with Rs8 more interest being added each year.