Question

A man borrowed ₹ 4000 from his friend at the rate of 12% per year for 2years. find the interest and amount paid by him?​

Answer 1

Answer:

4960

Step-by-step explanation:

480=1year

480=2nd year

960+4000=4960

Answer 2

Answer:

Principal = Rs.4000

Rate        =12%

Time period  =2 years

Simple interest =PTR/100

                         = (4000x2x12)÷ 100

                         = Rs 960

Amount =Principal + Interest

             =  4000+960

             = Rs.4960

Step-by-step explanation: