Question

ashok deposit bank inrs. 2400 at 10.5 percent per Annum vwith simple rate of interest at the end of 2 yr how much total amount will get

Answer 1

S.I = PTR/100

substituiting P = 2400 and R = 10.5 and T = 2

we get S.I = 504

Amount = P + S.I = 2904

Answer 2

SI=ptr/100.

p=2400;r=10.5;t=2.

hence SI will be 504.

But the total amount he gets is 2400+504=2904/-