How much interest will be earned on `2,000 at 6% simple interest for 2 years?
Answers
Answered by
7
since SI = PRT / 2
SI = 2000X6X2 / 2
SI = 12000
ANS. SIMPLE INTEREST = 12000
AND TOTAL AMOUNT = 12000+2000=14000
SI = 2000X6X2 / 2
SI = 12000
ANS. SIMPLE INTEREST = 12000
AND TOTAL AMOUNT = 12000+2000=14000
Answered by
60
Hey mate!
Thank you for asking this question! ❤
Answer:
____________________________________________________
Given,
Principal = 2000
Rate of interest = 6%
Time = 2 years
We know that,
SI (Simple interest) = P×R×T/100
= 2000 × 6 × 2/10
= 12000 × 2/100
= 24000/100
= 240
∴ SI = Rs. 240
Now,
Total amount = Principal + SI
= 2000 + 240
= 2240
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Hope it helps you! ヅ
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CrazyDesiGirl:
sorry, sent by mistake
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