Question

Calculate the interest for rupees 20,000 at rate of 5 percent per annum at the end of 2 years answer it

Answer 1

Answer:

1000rs+1050rs=2050rs

Answer 2

Answer:

principle= 20,000

rate= 5 % p.a.

time = 2 years

As we know that ,

S.I =P×R×T/100

S.I = 20,000×5×2/100

S.I = 2,00,000/100

S.I = 2,000