Question

Find the simple interest for Rs.2000 for 3 years at 10% p.a

Answer 1

Answer:

To find the amount, we need to calculate the simple interest and then add it to the principal.

In the given question: Principal, P = ₹ 2000, Rate of interest, R = 10% p.a

and the time period of investment, T = 3 years

Now, using the formula for Simple Interest, SI =

= ₹ 2000103/100

= ₹ 600

Hence, the amount = P + SI = ₹ 2000 + ₹ 600 = ₹ 2600

Step-by-step explanation: