Question

A sum of ₹ 8000 is borrowed at the rate of 12% per annum for 2 years. Find the simple interest on this sum find the amount to be paid at the end of 2 years.​

Answer 1

Ans.

On Rs. 100, interest charged for one year is Rs. 12

So on, Rs. 8000, interest charged =

= $\frac{12}{100} \times 8000$

= 12 × 80

= 960.

→ Now, to find the amount = Interest for 2 years

→ Rs. 960 × 2 = Rs. 1920

Amount to be paid at the end of 2 years,

= Principal + Interest

= 8000 + 1920 = Rs. 9920 ← Answer....

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Answer 2

Answer:

top answer is correct

Step-by-step explanation:

top answer is correct