Question

find the interest on the amount 20000 for the two year at the 8 p.c.p.a​

Answer 1

Answer:

Between Simple Interest and Compound Interest on ₹20000 at 8 P.C.P.A.. ... So the question is solved taking time as 2 years, because simple interest ...

Answer 2

Rs. 23,328

Step-by-step explanation:

Here, P = Rs 20,000, R = 8 p.c.p.a., N = 2 years

i. Simple interest (I) Simple interest (I) = Rs 3200 ii. Compound Interest (I): = 32 × 27 × 27 = Rs 23,328.