2) what will be The amount
on 500
at 8 p.c.p.a after 2
years
Answers
Answered by
1
Answer:
The amount is Rs 580
Step-by-step explanation:
Principal = Rs 500
Rate of interest = 8%
Time = 2 years
Simple interest = P*R*T divided by 100
= Rs 80
The simple interest = Rs 80
Amount = Principal + Simple Interest
Amount = 500+ 80 = Rs 580
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