Question

i
Tina has invested 40,000 at 8% interest p.a. After how many years will
she receive ? 19,200 as interest?​

Answer 1

Step-by-step explanation:

Simple Interest I=

100

PNR

Here for first year,

P=Rs40,000

N=1year

R=10 %

So, Interest at the end of 1st year I=

100

40,000×1×10

=Rs4,000

And for second year,

P=Rs40,000+Rs4,000=Rs44,000

N=1year

R=10 %

I=

100

44,000×1×10

=Rs4,400