Find the simple interest on Rs 1000 for 2 years
at 8% per annum.
Answers
Answered by
6
Step-by-step explanation:
Principal = ₹1000
Time = 2 years
Rate%p.a = 8%
SI = PTR/100
= (1000* 2* 8)/100
= ₹160
Answered by
6
Answer:
Answer
amount =1000
interest=1000×1008=80
interest after 2 year =2×1000×1008=160
interest after 3 year =3×1000×1008=240
I3−I2=I2−I1
80=80
Thus, interest forms A.P.
I30=1000×1008×30=2400
The interest at the end of 30 years is Rs.2400
Step-by-step explanation:
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