rehana borrows rs.2500 from brinda at an intrest rate of 8% for 2 years . how much money will rehana have to pay to brinda after 2 years
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Answer:
Rs 2900
Step-by-step explanation:
Given Principal amount=Rs 2500
Rate of interest =8 percent
Time =2 years(24 months)
Interest =P×R×T÷100
=2500×8×2÷100
=Rs 400
Amt to be paid after 2 yrs=Principal amount+Interest
=2500+400
=Rs 2900
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