Principal=2000,R=12percent, Time=2years and 6 months.​

Principal=P=2000Rate of interest=12%Time=2years and 6months=2.5years Interest=I

GivenPrincipal (P) = 2000Rate of interest (R) = 12%Time (T) = 2 years 6 monthsTo FindSimple InterestFormula Using

Basic TermsSimple Interest - Simple interest is the method of calculating interest charged on the amount invested in a fixed deposit.Principle - The principal is the amount due on any debt before interest, or the amount invested before returns.Rate - An interest rate is the percentage of principal charged by the lender for the use of its money.Time = Time is duration (in months or years) in Simple Interest.Solution

As we know that , first we need to convert 2 years 6 months into years.

Now , we have to find the Simple interest.

Substuting the values