amount received on rupees 2000 for 2 years at the rate of 10% per annum
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Answer:
The amount is rs. 2400
Step-by-step explanation:
Principal = rs. 2000 (P)
Rate of interest = 10% p.a. (R)
Time = 2 years (T)
Simple interest = PRT / 100
Simple interest = 2000 × 10 × 2 / 100
Simple interest = 40,000 / 100
Simple interest = 400
Amount = principal + simple interest
Amount = 2000 + 400
Amount = 2400
The amount obtained is rs. 2400 on rs. 2000 for two years at the rate 10%
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