find the amount. (a) ₹200 at 2% for 6 years
Answers
Answered by
1
Step-by-step explanation:
P=200
R=2%
T=6 years
I =PTR/100
=(200×6×2)/100
=24
Amount (A)= P+I=200+24=224
Answered by
124
Question ::-
find the amount. (a) ₹200 at 2% for 6 years?
Given ::-
- Principal = Rs. 200
- Rate = 2%
- Time = 6 yrs.
To find ::-
- Amount ?
Solution ::-
Firstly we will find the interest by simple interest formula.
S.I. =
S.I. =
S.I. =
S.I. = 2 × 2 × 6
S.I. = Rs. 24
Now amount = S.I. + Principal
= 200 + 24
= Rs. 224
___________
More about it ::-
- C.I = Compound Interest
- P = Principal
- A = Amount
- S.I. = Simple interest
- T = Time taken
- R % = Rate percent
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