Question

if you deposit rupees 2,000 in a bank at 8 p.c.p.a .what interest will you get at the end of the year​

Answer 1

P = 2000
T = 1 year
Rate = 8%

SI = 2000*1*8/100
= 20 * 8
= 160

Interest = P + SI
= 2000 +160
= 2160

Answer 2

The interest is Rs.160

Step-by-step explanation:

Principal = Rs.2000

Rate of interest = 8% = 0.08

Time = 1 year

$Amount = P(1+r)^t$

P = Principal

r = rate of interest

t = time

$Amount = 2000(1+0.08)^1$

Amount =2160

Interest = Amount - Principal = 2160 -2000 = Rs.160

Hence The interest is Rs.160

#Learn more:

Mahesh deposit rupees 8650 in a bank at a rate of 6 p.c.p.a how much money will he get at the end of the year in all?

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