Question

If Rs. 1000 is invested now at 10% interest annually, two equal year end payment value of Rupees …………. can be received. ​

Answer 1

Step-by-step explanation:

1. Here to find the Amount first we have to find Simple Interest .

• Principal = 1000

Interest rate = 10%

Time = 2 years

Simple Interest = P×R×T

100

= 1000×10×2

100

=20000

100

=200

Therefore,

Simple Interest =200

2.And now we have to add Simple Interest to find Principal.

• Simple Interest + Principal = Amount
• 200+1000=1200

Answer / Amount = 1200

Hope it's clear.........