Question

calculate simple interest on depositof rs 2000 for 2 years at 8% per annum​

Answer 1

Answer:

P=₹2000.

T=2 years.

R=8%.

SI=PTR/100.

SI=2000×2×8/100.

SI=4000×8/100.

SI=32000/100.

SI=₹320.

I think this is your answer.

Answer 2

Answer:

For the first year, P=Rs.2000,R=5%

so, I =

100

P×R×T

=

100

Rs.2100×5×1

=Rs.105

The amount after the second year =Rs.2100+Rs.105

=Rs.2205

Final amount =Rs.2205

Hence, Compound Interest = final amount - original amount

=Rs.2205−Rs.2000=Rs.205