IP = 800 rupees. R5% and T-2 years, then End simple interest
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Answer:
formula A= P(1+rt)
Step-by-step explanation:
A = final amount
P = initial principal balance
R = annual interest
T = time in years
step :- A =
P =
R = 5% PER SEN
T = 2 years
step 2 : SI = P X R X T
P PRINCIPAL
R RATE
T TIME
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Given: Rs. 800 is invested at 5% per annum for 2 years
To find: The simple interest on the money
Solution: The money that is invested is called the principal. It is the sum on which interest is calculated.
Let the principal be denoted by p, rate by r and time by t.
p = Rs. 800
r = 5%
t = 2 years
The formula for simple interest is
= p × r × t / 100
= 800 × 5 × 2 / 100
= 8000/100
= 80
Therefore, the simple interest on the principal at 5% per annum for 2 years is Rs. 80.
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