Question

A sum of Rs. 8000 is invested for 2years at 10% CI. Calculate
i) Interest for the 1st year
ii) CI in 2 years.​

Answer 1

Answer:

Princiapal= P = Rs 8000

Rate = R = 10%

Time = T = 2years

i) Interest for the ist year

Simple interest =

$\frac{p \times r \times t}{100}$

$= \frac{8000 \times 10 \times 1}{100}$

$= 800$

ii) calculate in 2 years

Simple interest =

$= \frac{p \times r \times t}{100}$

$= \frac{8000 \times 10 \times 2}{100}$

$= 1600$

Step-by-step explanation:

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