Question

A sum of rs 1000 is invested at 8 simple interest per annum the interest rate at the end of 30 years is

Answer 1

The amount will be Rs 3400

Step-by-step explanation:

Principle, P = Rs 1000

Time, t = 30 years

Rate, r = 8% per annum

Simple interest, SI = ?

$SI=PRT$

$SI=1000\times \dfrac{8}{100}\times 30$

$SI=2400$

Amount = P + SI

Amount = 1000 + 2400

Amount = 3400

#BAL

Answer 2

plz refer to this attachment