A man deposited a sum of 5000 and got interest of 600 in two years how much interest he would get on sum of 8000
Answers
Answered by
1
Answer:
960 is the answer.. . ....
Answered by
1
Answer:
Rs. 960
Step-by-step explanation:
Since the type of Interest was not mentioned in question, let me assume it as Simple Interest.
Principal Amount, P = Rs. 5000
No.of. years, N= 2 years
Simple Interest, S.I= 600
S.I= PNR/100
600 = (5000x2xR)/100
∴ R = 6%
Now,
Simple Interest, when P is 8000 = (8000x2x6)/100
= Rs. 960
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