Question

If Rs. 480o is borrowed at the rate of 5 percent p.a the amount to be returned in the end of 2 years

Answer 1

Answer:

Here, principal =₹4800

Rate percent p. A=5%

T=2y

Simple interest=PTR/100

=4800×5×2/100

=480

Amount =P+I

4800+480 =5280/-

Therefore ₹5280 amount to be returned in the end of 2years