Question

person deposists of 24000 in a firm for 2 years at 20%.p.a. Find the
money. How many money
he will get back from the firm after 2 years.
مسیر​

Answer 1

Step-by-step explanation:

simple interest:

si=pnr

p=24000, n=2, r=20%=0.2

si= 24000×2×.2 =9600

Amount = 24000+9600= 33600

this is the amount he receives, if the firm follows simple interest

compound interest :

A =p(1+r)ⁿ

=24000(1+.2)²

= 34560

receives this amount if firm follows compound interest

Answer 2

Answer:

₹33600

Step-by-step explanation:

Given,

• Principle= 24000
• Time= 2 year
• Rate of interest= 20%

Hence, S.I.= (P*R*T)/100

(24000*2*20)

---------------- == By multiplying this the ans will ₹ 9600

100

S.l.= ₹9600

Principle= ₹24000

Hence, Amount= P+S.I.

=> 24000+9600

=> 33600