9. What principal will amount to 20800 in 2 years at the simple interest of 2% per annum ?
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Answer:
this is the correct answer OK
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Answer:
P = 20,000
Step-by-step explanation:
Given 'a' =20,800
T = 2%
R= 2%
P = ?
A = p(1 + it)
20800 = p(1 + 2/100 × 2)
20,800 = (104/100)P
P = (20,800 × 100)/104
P = 20,000
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