a sum of rs 20000 is borrowed by ram of 2 years at an interest of8%. find simple interest of 1year
Answers
Answered by
1
Step-by-step explanation:
Given that,
P=Rs.20,000
R=8%
T=2years
As compounded annually, n=2.
Amount at the end of 2 years =P(1+
100
R
)
n
=20000(1+
100
8
)
2
=20000×
100
108
×
100
108
=Rs.23,328
yashvrathod2004:
ye compound interest nahi hai
Answered by
0
Step-by-step explanation:
Si =PRN/100
20000×8×2/100
20×16
3200 is the interest
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