find the amount to be paid at the end of 2 years for principal is principal - 7,500 4%
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Answer:
8100
Step-by-step explanation:
we know that
SI= PRT/100
A= SI+P
where
SI= SIMPLE INTEREST
P= PRICIPAL AMMOUNT
R= RATE OF INTEREST
T= TIME OF INTEREST
A= AMMOUNT TO BE PAID
Putting the value as
P= 7500
R= 4%
T= 2YRS
SI= 7500*4*2/100
SI= 600
A= 7500+600
A=8100
ammount to be paid at the end of 2yrs is
8100
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