Question

Find the simple interest on Rs. 2000 at 8% per annum for 3 years. Also find the amount.​

Answer 1

Answer:

₹480 interest; amount = 2480

Step-by-step explanation:

Simple interest = P t r /100

= 2000 x 3 x 8/100

= ₹480

Amount = Principle amount + interest = 2000 + 480 = ₹2480

Answer 2

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Compound interest:

$a = p(1 + \frac{r}{100} )t$

Given:Principal=Rs2000

r=8

t=3

₹2480

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