Question

calculate si and amount on rs 5000 rate of 8% for 2 years​

Answer 1

In order to figure out number of years required to double your investment, divide 2 with the interest rate. interest rate is % so time required to double Rs5000 will be 2 years.

Step-by-step explanation:

Answer 2

Solution:-

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࿊ Here, the question has given us the principal, rate and time that is Rs. 5000, 8% and 2 years respectively. Now, the question has asked us to calculate the amount. So, we can easily find the answer by using the amount's formula. First we will find the SI and then we will add it to principal.

ANSWER:-

✧ The amount is ₹ 5,800.

GIVEN:-

➲ Principal = Rs. 5000

➲ Rate of interest = 8%

➲ Time = 2 years

TO FIND:-

⇒ Amount = ?

FORMULA:-

➬ Amount = P + S.I

SOLVING BY APPLYING THE FORMULA:-

• FINDING THE SIMPLE INTEREST:-

☞ S.I = P×R×T / 100

☞ S.I = 5000 × 8 × 2 / 100

☞ S.I = 5000 × 16 / 100

☞ Cancelling the zeros

☞ S.I = 50 × 16

☞ S.I = 50 × 16 = 800

☞ S.I = Rs. 800

Thus, we got the S.I that is ₹ 800.

• FINDING THE AMOUNT:-

☞ Amount = P + S.I

☞ Amount = 5000 + 800

☞ Amount = 5000 + 800 = 5,800

☞ Amount = Rs. 5,800

Hence, we got the amount that is ₹ 5,800.

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