Question

Q 37 What is the simple interest on $2000 at a rate of 10% per annum for 2 years?
Ops: A. O $560
B. $444
C. O $400
D. O $440​

Answer 1

Step-by-step explanation:

HEY MATE ..

Compound interest:

⇒A=P(1+ 100 / r )t.

Given:Principal=Rs2000 , r=10, t=2,

⇒A=2000(1+ 100/ 10 )×2

⇒A=2000× 100 /10 ×2

⇒A=Rs.4,400.

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