Question

Find the Amount. If Principal = ₹2000, Rate = 5 p.c.p.a, Duration = 2 years.​

Answer 1

Answer:

For finding Amount the formula is

A=P (1+5×2)

A=2000(1+10)

A=2000×11

A=22,000

ans. The total amount is 22,000

Answer 2

Answer:

₹ 2200

Step-by-step explanation:

First we need to calculate the S.I.

Then we need to add the S.I. to the Principal

To find out the S.I. we must follow the given formula

S.I. = (Principal × Rate × Duration) ÷ 100

S.I. = (2000 × 5 × 2) ÷ 100

S.I. = (2000 × 10) ÷ 100

S.I. = 20000 ÷ 100

S.I. = ₹ 200

So,

Principal + S.I. = Amount

2000 + 200 = ₹ 2200