Question

find the amount of 70000 for 2 year at the rate of 8 pcpa​

Answer 1

Answer:

80,200

Step-by-step explanation:

si=prt/100

Answer 2

The amount of interest is 11,200 Rs.

Total amount received back with interest is 81,200/-.

Given:

• Amount 70000/-
• Time 2 years
• Rate 8% per annum.

To find:

• Find the amount of interest and total amount.

Solution:

Formula to be used:

Simple interest$\bf = \frac{p \times \: r \times t}{100}$

here,

p: principle amount

r: rate per annum

t: time in years

Step 1:

Write the terms used in formula.

p: principle amount= 70,000 Rs

r: rate per annum=8%

t: time in years=2 years

Step 2:

Calculate simple interest.

$SI = \frac{70000 \times 8 \times 2}{100}$

or

$SI = 700 \times 16$

or

$SI = 11,200 \:$

Thus,

The amount of interest is 11,200 Rs.

Step 3:

Find total amount received back.

Total amount= Principle amount+Simple interest

Total amount= 70000+11200

Total amount=81,200/- Rs.

Thus,

Total amount received back with interest is 81,200/-.

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