Q 4. What is the simple interest on a sum of Rs 3200 at the rate of 7% per annum
for 2 yrs
in formula
Answers
Answered by
0
Answer:
Rs 448
Step-by-step explanation:
(p×r×t)/100
3200×7×2/100
= Rs 448
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Answered by
0
Answer:
Answer:
Amount = 3,648.00
Interest = A - P = 448.00
Equation:
A = P(1 + rt)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 7%/100 = 0.07 per year.
Solving our equation:
A = 3200(1 + (0.07 × 2)) = 3648
A = 3,648.00
The total amount accrued, principal plus interest, from simple interest on a principal of 3,200.00 at a rate of 7% per year for 2 years is 3,648.00.
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