Question

Find the interest and rhe amount when P=550, R =8%p.a , T=2years​

Answer 1

Answer:

the interest is 88 rupee

Step-by-step explanation:

550×0.08×2=88 rs

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Answer 2

Here we are given the values of principal, rate and time

        principal = 550

           time = 2 years

         rate = 8%  

We have to find the interest

We will use the formula of simple interest  

Simple interest = ( p × r × t)/100

                        = ( 550 × 8 × 2)/100

                        = 88

Hence, the interest will be Rs. 88