Question

Aravind borrowed a s of ₹80,000 From Akash at 7% per annum.Find the interest and amount to be paid at the end of two years.Full explanation.​

Answer 1

Answer:

Here is your answer.

Interest = 11200 Rupees

Amount = 91200 Rupees

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Step-by-step explanation:

Principal = 80000 Rupees

Rate of interest = 7%

Time taken = 2 years

I = PRT/100

I = 80000×7×2/100

I = 800×7×2

I = 1600×7

I = 11200

Interest = 11200 Rupees

Amount = Principal + Interest

Amount = 80000+11200

Amount = 91200 Rupees