Find the simple interest and the amount when: Principal = 31840, rate = 5% p.a. and time = 2 years
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Answer:
S.I =RS :18.4
Amount = RS : 202.4
Step-by-step explanation:
Given
Principal,P=Rs.184
Rate,R=5%p.a
Time,T=2 years
SI=100P×R×T=Rs.100184×5×2=Rs.18.4
Amount=P+SI=Rs.(184+18.4)=Rs.202.4
Hence, the simple interest is Rs.18.4 and the amount is Rs.202.4
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