Question

Kamala borrows an amount of RS 8000 to buy refrigerator. if the rate of interest is 15%per annum compounded annually find the amount to be paid by her at the end of 2 years

Answer 1

Hey mate
I think this is correct
And if it is wrong then you can report but if it is correct then please mark as brain list ........

Answer 2

Step-by-step explanation:

Principal sum P = Rs. 8000

Rate r = 15%

Time t = 2 years

Formula used:

Simple interest = (Pxrxt)/100

Calculation:

Simple interest = (8000 x 15 x 2)/100 = 2400 Ans