Question

Find the amount on a sum of Rs 2500 for two years at 5% per annum compounded annually?​

Answer 1

Answer:

Rs. 625

Step-by-step explanation:

⇒ Here, P=Rs.2500,R=5%,T=5years.

⇒ SimpleInterest= 100 P×R×T

⇒ 2500×5×5/100

⇒ 25×25

∴ SimpleInterest=Rs.625

Answer 2

Answer:

Rs. 250

Step-by-step explanation:

Present value =₹2500 =P

Interest rate =5% per annum =R

Time =2 years =T

Simple Interest= $\frac{P * R * T}{100}$

$\frac{2500 * 5 * 2}{100}$ = $\frac{2500 * 10}{100}$

$\frac{2500}{10}$= $250$