calculate the interest and amount P=10,000 , T=2 years, R =8%
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Step-by-step explanation:
- Principle (P) = 10,000
- Time (T) = 2 years
- Rate of interest (R) = 8% =
Interest = ?
Amount = ?
- Simple interest = PTR / 100
- Simple interest = (10,000 × 2 × 8 ) / 100
- Simple interest = 1600
- Amount = Principal + Simple interest
- Amount = 10,000 + 1600
- Amount = Rs. 11,600
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