Question

2. Find the interest on 500 for A period of 4 years at the rate. of 8% per annum also find the amount to be paid at the end of the period​

Answer 1

Answer:

simple interest = Rs.160

amount= RS.660

Step-by-step explanation:

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

Simple Interest = (500 × 4 × 8)/100 = Rs. 160

Amount = Simple Interest + Principal = 160 + 500 = Rs. 660