Question

Find the intreast on rupees 500 for a period of 4 year at the rate of 8% .Also find out amount to be paid at end.
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Answer 1

Answer:

Interest = 160

amount = 660

Step-by-step explanation:

Principal (P) = 500

Rate (R) = 8% p.a.

Time (T) = 4 yrs

Interest (I) = \frac{P x R x T}{100}

I = \frac{500 x 8 x 4}{100}

I = 160

Amount = P + I

Amount = 500 + 160 = 660