calculate the simple interest and the amount if P =10000 T=2 years And R = 8% annum
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Interest per year= 160
Total amount to be paid = 10320
Step-by-step explanation:
Simple interest = PTR/100
=10000*2*8/100 = 160
TOTAL AMOUNT = PRINCIPAL AMOUNT + INTEREST = 10000+160+160=10320
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