If Principal= Rs.2000, Rate= 5p.c.p.a, Duration = 2 years. Find the Amount
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Answer:
2200(Ans)
Step-by-step explanation:
principal= Rs.2000
Rate=5 p.a
Time = 2 yrs
therefore, SI= P×R×T/100
SI = 2000×5×2/100
SI=200
therefore ,amount = principal + Simple Interest
amount= 2000+200
amount=2200
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