A person deposits an amount of Rs24000 to obtain a simple interest at the rate of 14% per annum for 8 years. What total amount will he get at the end of 8 years?
Answers
Answered by
1
P = 24000
R = 14
N = 8
S.I. = P×N×R / 100
S.I. = 24000 × 8 × 14 / 100
S.I. = 240 × 8 × 14
S.I. = 26880 rs
A = P + S.I
A = 24000 + 26880
A = 50880 rs.
R = 14
N = 8
S.I. = P×N×R / 100
S.I. = 24000 × 8 × 14 / 100
S.I. = 240 × 8 × 14
S.I. = 26880 rs
A = P + S.I
A = 24000 + 26880
A = 50880 rs.
Similar questions